Federal Reserve’s preferred inflation gauge, core PCE, edged higher than expected in March

The Dallas Express News

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Federal Reserve’s preferred inflation gauge, core PCE, edged higher than expected in March

The Federal Reserve’s preferred inflation gauge climbed higher in March, complicating the U.S. Central Bank’s timeline for 2024 rate cuts. The Personal Consumption Expenditure (PCE) price index, a closely watched inflation measure, advanced 0.3% from February and 2.7% for the last 12 months ending in March, according to the latest report from the U.S. Department of Commerce’s Bureau of Economic Analysis. Analysts had forecasted an annualized rea…