Financial Times on Nostr: Federal Reserve’s preferred inflation measure falls more than expected to 2.2% ...
Federal Reserve’s preferred inflation measure falls more than expected to 2.2%
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The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) index, decreased to 2.2%, surpassing expectations; this data follows the Fed's decision to cut interest rates by 0.5 percentage points last week, marking the first reduction since the pandemic began; the Fed indicated that further rate cuts may occur if economic data worsens; reporting by James Politi, Zehra Munir, George Steer, Rafe Uddin, and Jennifer Hughes.
#FederalReserve #Inflation #InterestRates #Pce #EconomicData #FinancialNews #2024 #UsEconomy #Disinflation #InterestRateCuts
https://www.ft.com/content/dd9f2a56-ba40-4ede-bf58-f30c0cee519d
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The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) index, decreased to 2.2%, surpassing expectations; this data follows the Fed's decision to cut interest rates by 0.5 percentage points last week, marking the first reduction since the pandemic began; the Fed indicated that further rate cuts may occur if economic data worsens; reporting by James Politi, Zehra Munir, George Steer, Rafe Uddin, and Jennifer Hughes.
#FederalReserve #Inflation #InterestRates #Pce #EconomicData #FinancialNews #2024 #UsEconomy #Disinflation #InterestRateCuts
https://www.ft.com/content/dd9f2a56-ba40-4ede-bf58-f30c0cee519d