Fed Inflation Win Could Fade as New Tariffs Drive Prices Up
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, is projected to rise by just 0.1% in April. If that small monthly increase holds, it would push the annual PCE inflation rate down toward 2.2%, nearing the levels seen before the pandemic. At first glance, that outlook is encouraging: lower readings on … Read more