Étiquette : inflation

Key US inflation gauge cools further as rate hikes bite

Key US inflation gauge cools further as rate hikes bite

WASHINGTON: A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank’s target, according to government data released Friday. The Federal Reserve’s preferred gauge of inflation, the personal consumption expenditures (PCE) price index, rose 3.0 per […]