Fed's Favorite Inflation Gauge Rises More Than Expected In April: Market Expectations Increase For June Interest Rate Hike

Fed's Favorite Inflation Gauge Rises More Than Expected In April: Market Expectations Increase For June Interest Rate Hike

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The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's preferred measure of inflation, rose 4.4% year over year in April 2023, up from the 4.2% surge in March and above the expected 4.3% rise, the U.S. Bureau of Economic Analysis reported Friday. This data point suggests…

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