An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually. It’s called the PCE Index and it shows that prices rose zero-point-3 percent from January to February. That’s a slightly smaller increase from the month before. Even so, inflation remains stubbornly above the Fed’s two percent annual target despite repeated interest […]
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Inflation gauge shows price pressures easing gradually
An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually. It’s called the PCE Index and it shows that prices rose zero-point-3 percent from January to February. That’s a slightly smaller increase from the month before. Even so, inflation remains stubbornly above the Fed’s two percent annual target despite repeated interest rate hikes.