Reported about 22 hours ago
The Federal Reserve's preferred inflation measure is expected to increase at a slower rate, providing some relief to policymakers as they address weaknesses in the US labor market. A report anticipates that the personal consumption expenditures price index may have risen 0.2% in August, down from 0.3% in July, while the core inflation rate remains elevated at 2.9%. Fed Chair Jerome Powell acknowledged the challenges posed by the ongoing tariff impacts and upcoming labor market discussions.
Source: YAHOO