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. from the same time last year but is nearer to the Fed’s 2% goal and down from 2.9% The personal consumption expenditures (PCE) price index dropped 0.1%
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