#Latest news with #PCEindexWall Street Journal3 days agoBusinessWall Street JournalThe Fed's Targeted Inflation Rate Eased in AprilThe Fed's preferred gauge of consumer prices ticked up just slightly in April, a modest increase that lowered the 12-month inflation rate. Consumer prices increased by 0.1% last month according to the personal-consumption-expenditures price index, the Commerce Department said Friday. That brought the index's 12-month increase to 2.1% through April, down from 2.3% through March and even closer to the Fed's 2% target.
Wall Street Journal3 days agoBusinessWall Street JournalThe Fed's Targeted Inflation Rate Eased in AprilThe Fed's preferred gauge of consumer prices ticked up just slightly in April, a modest increase that lowered the 12-month inflation rate. Consumer prices increased by 0.1% last month according to the personal-consumption-expenditures price index, the Commerce Department said Friday. That brought the index's 12-month increase to 2.1% through April, down from 2.3% through March and even closer to the Fed's 2% target.
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