PCE inflation gauge falls for the first time since the pandemic. The danger is far from over.
At a glance
The main inflation barometer used by the Federal Reserve to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Fed took no action this week to raise borrowing costs.
- Primary source
- MarketWatch.com - Top Stories — Read original article
- Published
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- Markets
The main inflation barometer used by the Federal Reserve to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Fed took no action this week to raise borrowing costs.
This summary comes from MarketWatch.com - Top Stories. Read the full article at the original source.
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