The Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation measure, rose 2.6% in December 2024, according to data released Friday. While the data were in line with expectations, it marks the third consecutive increase in annual PCE inflation, following a low of 2.1% in September last year. Expert Ideas: Fed Governor Michelle Bowman […]
Inflation Rises Again: May Be ‘End Of The Road’ For Interest Rate Cuts, Expert Says
Erica Kollmann | January 31, 2025