US PCE inflation firmer in April - AOL.com
US PCE inflation firmer in April.
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US PCE inflation firmer in April.
Telegram alerts when our AI scores a story 8+/10 (~1-3 per day, no spam). Verified 30d hit rate 50.4%.
Goldman Sachs COO identified inflation as 'the single biggest risk element' to the economy.
Fed Chair Warsh's preferred inflation measure is cooling, but caution is advised.
Fed's Musalem stated that a rate hike might be necessary if inflation does not ease.
US inflation accelerated at its fastest pace in 3 years in April.
Komal Sri-Kumar states the Fed should increase interest rates, with the latest inflation print bolstering the case.
The Strait of Hormuz issue is linked to higher inflation and slower growth, choking the US economy.