Cooling inflation
Last Friday’s latest inflation reading gave investors hopes that cooling price pressures will lead the Fed to cut interest rates as early as September.
According to the latest PCE index, inflation in May slowed to its lowest annual rate in more than 3 years. That’s definitely a good news for the Fed.
According to the latest PCE index, inflation in May slowed to its lowest annual rate in more than 3 years. That’s definitely a good news for the Fed.
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