Inflation rose to 2.7% in March in preferred Fed gauge
Friday, April 26th 2024, 12:33:30 pm
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Inflation ticked up to 2.7% for the year ending in March, as measured by the personal consumption expenditures price index, which is the gauge favored by the Federal Reserve. The rise in headline inflation reported Friday morning by the Bureau of Economic Analysis is bad news for the Fed, which is working to quash inflation
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