Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Fed’s favored price gauge slows, supporting case for rate cut

Personal consumption expenditures price index increased 0.1% MoM

Bloomberg News

The Federal Reserve’s preferred measure of underlying US inflation decelerated in May, bolstering the case for lower interest rates later this year.. At the same time, household spending rebounded after a pullback in April, and incomes showed solid growth, offering some hope that price pressures can be tamed without lasting damage to consumers.. The so-called […]

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