Fed-favored PCE inflation gauge falls for first time since pandemic. The danger is far from over.
The main inflation barometer used to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Federal Reserve took no action this week to raise borrowing costs.
The main inflation barometer used to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Federal Reserve took no action this week to raise borrowing costs. This story matters for Finance & Markets readers tracking expo. Reported by marketwatch.com. Read the full original at the source link below.
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