NEWYou can now listen to Fox News articles! FIRST ON FOX: A key South Carolina Republican is breaking from President Donald Trump in the race to replace the late Sen. Lindsey Graham. Rep. Nancy Mace, R-S.C., is planning to endorse her colleague and former foe in the race to be South Carolina’s governor, Rep. Ralph … Read more
May’s personal consumption expenditure index, the Federal Reserve’s preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
The Federal Reserve’s preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron’s Investor Circle Newsletter editor, joins with analysis. Source link
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank’s challenge in reining in prices. The reading matched economists’ forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an … Read more