PCE inflation gauge falls for the first time since the pandemic. The danger is far from over.
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.
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 story matters for Finance & Markets readers tracking trade. Reported by marketwatch.com. Read the full original at the source link below.
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