Inflation Measure Cools: Fed’s Preferred Gauge Shows Promising Slowdown
New York City – The Federal Reserve’s preferred measure of inflation has shown a slight cooling in recent reports, bringing some relief to economic analysts and investors. The Personal Consumption Expenditures (PCE) index, closely watched by the Fed, rose by 2.6% in May, which is slightly lower compared to previous months. This development may indicate a slowing down of inflationary pressures in the economy. The news of the cooling inflation measure comes as the S&P …