By Iain Gilbert
Date: Friday 26 Apr 2024
(Sharecast News) - The US personal consumption expenditure rate rose to 2.7% in March, according to the Bureau of Economic Analysis, up from 2.5% in February and higher than the 2.6% expected by economists, suggesting that inflationary headwinds were still building.
However, core PCE, the Federal Reserve's preferred inflationary barometer, which...
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