Published on 31 May 2024 on Fox Business via Yahoo Finance
Inflation measure closely watched by the Fed rises 0.3% in April
An inflation measure closely watched by the Federal Reserve held steady in April as elevated prices continue to weigh on millions of Americans.
The personal consumption expenditures (PCE) index showed that prices rose 0.3% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.7%. Both of those figures are in line with expectations.