Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
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Federal Reserve officials are about to get further confirmation that inflation progress has supported what appears to be a patient approach to keep interest rates higher for longer than previously anticipated. Policymakers’ preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated in March, according to data due in the coming week.



https://www.bloomberg.com/news/articles/2024-04-20/us-rate-cuts-latest-fed-s-preferred-inflation-gauge-is-set-to-back-patience