Fed-favored PCE inflation gauge falls for first time since pandemic, but danger far from over
The Fed's favorite inflation measure, called PCE, dropped for the first time since the COVID‑19 pandemic began. The drop happened because gasoline prices fell after a short‑term truce between the US and Iran. Despite the fall, officials warn that inflation is still a problem and could rise again. The PCE index tracks how much prices change for goods and services that people buy.
6.2Significance
1 source7.0Source trust