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Fed’s preferred inflation gauges cool, reinforcing rate-cut tilt

Core PCE price index increased 0.1% MoM

Bloomberg News

The Federal Reserve’s preferred gauge of underlying inflation barely rose in November and trailed policymakers’ 2% target by one measure, reinforcing the central bank’s pivot toward interest-rate cuts next year. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.1% from a month earlier after a […]

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