Fed’s Preferred Inflation Measure Slows in November
Savings Corner
DECEMBER 23, 2023
The Federal Reserve ‘s preferred gauge of inflation slowed as income and spending were strong in November, the latest indicator pointing toward a soft landing. The personal consumption expenditures (PCE) price index dropped 0.1% in its first decline since April 2020. The index was up 2.6% in the prior month.
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