Wall Street rises on Friday after the Federal Reserve’s preferred measure of inflation gauge showed results in line with expectations, easing investor concerns over price pressures and bolstering ...
Core PCE inflation held at 2.9% in August, with income and spending both above forecasts. The Fed sees room for two more rate cuts this year, noting tariffs have had limited impact on consumers.
WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The ...
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