Fed’s Preferred Inflation Gauge Matches Estimates; Personal Spending Slows More Than Predicted (CORRECTED)

By: Editor’s note: This story has been updated to reflect that personal income growth matched economist expectations in April. The Federal Reserve’s preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate cuts. The Personal Consumption Expenditure (PCE) price index – which tracks price pressures across a…

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