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% The Fed also monitors the Consumer Price Index (CPI) , which showed a 3.1% The index was up 2.6%
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