Rise of Key Inflation Metric and Spending Increase in the US
9 months ago
Recent data indicate that the preferred inflation metric of the Federal Reserve, known as the Personal Consumption Expenditures (PCE) index, has slightly increased in August 2024. This highlights the ongoing efforts of the Fed to control inflationary processes in the country. The index rose by 0.2% compared to the previous month and by 3.8% year-on-year, slightly above analyst forecasts.
Continue reading