The Federal Reserve’s preferred measure of inflation dipped in August, as multiple central bank officials have said future interest rate hikes could be on the horizon. The personal consumption expenditures (PCE) price index rose 0.3 percent from July to last month, and was up 3.4 percent year-over-year, according to data released Wednesday by the Bureau…
Politics
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Fed’s preferred measure of inflation dips to 3.4 percent in August
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CitrixNews Staff
Originally reported by The Hill. Read the full story at the original source.
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