Are Rate Cuts Finally Coming After Fed's Preferred Inflation Data Holds Steady?...

Published on 31 May 2024 on Benzinga

Are Rate Cuts Finally Coming After Fed's Preferred Inflation Data Holds Steady?...

Editor’s note: This story has been updated to correct the spelling of economist Joseph Brusuelas’ name.

The Personal Consumption Expenditure (PCE) price index, a preferred inflation gauge for the Federal Reserve, revealed a steady trend in April, aligning with economist expectations and slightly easing concerns about broader price pressures.

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Are Rate Cuts Finally Coming After Fed's Preferred Inflation Data Holds Steady?...

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