PCE Report: Inflation Up in April, Making Rate Cuts Less Likely
Inflation in April rose to 3.8% year-over-year, up from 3.5% in March, according to the Personal Consumption Expenditures (PCE) Index, released May 28, which is the Federal Reserve’s preferred gauge of inflation. That likely puts a damper on the Fed lowering interest rates, as their stated goal has always been to have inflation around 2%.…
The post PCE Report: Inflation Up in April, Making Rate Cuts Less Likely appeared first on RISMedia.
Categories
Recent Posts
CoStar Group Names Felix Kusch President of Homes.com
Jason Blum Is Selling His Brooklyn Heights Townhouse
Arizona HOA Forecloses on Ailing Couple’s Home Over $977 in Unpaid Fees
Sinkhole Growing Under Nicolas Cage’s Home Triggers Evacuation Orders in Malibu
Philadelphia ‘House of Horrors’ Where Police Found ‘Dark’ Videos Is Linked to Multiple Missing Women
Lennar valuation near tangible book puts margins in spotlight
EXCLUSIVE: Los Angeles Lakers Legend Elgin Baylor’s Longtime Home Hits the Market for $5.4 Million
Amblebrook and Shea’s Trilogy are rewriting their 55+ value pitch
Compass launches global division for cross-border referrals
Flock cameras changing due diligence for agents, homebuyers
