Categories: Good To KnowPublished On: May 31st, 2024

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Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait

The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as it suggests the elevated pace of price increases could last longer…

The post Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait appeared first on RISMedia.

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