Fed's preferred Inflation Measure Declines in June
The Federal Reserve’s preferred inflation measure, the PCE index, declined slightly in June, with both headline and core figures aligning with economist expectations. The monthly decrease in the PCE index contributed to a reduction in annual inflation rates, as goods and services prices showed modest increases. Policymakers continue to monitor these figures as they work toward their 2% inflation target.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)