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Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops

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The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.

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Fed's favored inflation gauge shows price increases remained sticky in AprilFriday's reading of inflation will be closely watched for any indications on when the Federal Reserve may begin cutting interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed's favored inflation gauge slows in April while price increases remain stickyInvestors were closely watching the reading for any indications on when the Federal Reserve may begin cutting interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »