Fed’s preferred inflation gauge climbs in June, holding near 40-year high

  • July 29, 2022
  • no comment
  • realestate

The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of

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