The US personal consumption expenditures price index (PCE), Fed’s preferred inflation gauge, rose 4.1% y/y in May from unrevised 3.8% previous month, in line with expectations. May’s figure shows the largest increase and the first break above 4.0% in over three years, with inflation moving further from the central bank’s 2% target, adding to growing […]
The post US Inflation Rises Above 4% and Adds to Fed Rate Hike Bets – PCE appeared first on ActionForex.
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