The Federal Reserve’s preferred inflation gauge unexpectedly climbed in April, leading to concerns that the U.S. central bank could raise interest rates for the 11th straight month in June. In April, the annual personal consumption expenditure (PCE) price index rose to 4.4 percent, up from 4.2 percent, according to the Bureau of Economic Analysis (BEA)….
Inflation Rose in April Fueled by Jump in Consumer Spending
The Federal Reserve’s preferred inflation gauge unexpectedly climbed in April, leading to concerns that the U.S. central bank could raise interest rates for the 11th straight month in June. In April, the annual personal consumption expenditure (PCE) price index rose to 4.4 percent, up from 4.2 percent, according to the Bureau of Economic Analysis (BEA)….
NTD Business (Dec. 1): Senate Passes Bill to Avert Rail Shutdown; Regulation Coming to Crypto?
The Senate passes a bill in a rush to prevent a potentially devastating railroad shutdown. It had bipartisan support. New data out Thursday shows inflation remains high, although its increase has slowed. Will it ever come down to where the Fed wants it? We have analysis from an industry veteran. Storm clouds roll over the cryptocurrency industry,…
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