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New Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…Fed's favourite indicator confirms slowing inflation trajectory. Photo credit Pixabay.
Core PCE Price Index rose 0.3% m/m and 2.8% y/y, which is in line with average expectations and below the previous month’s readings of 0.5% and 2.8%, respectively. The lack of surprises here promises to ease pressure on the Fed, as the official CPI numbers in recent months have not created the mood for an imminent easing of policy. Some observers have begun to suggest that the FOMC may not cut rates before the end of the year.
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