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Author: Edmund DeMarche (Edmund DeMarche)

Home Edmund DeMarche
KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
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September 30, 2022October 4, 2022TRENDS ON THE U.S. ECONOMIC FRONT, Uncategorized

KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED

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Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...

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