PCE index, the Fed’s preferred inflation measure, drops to 2.1%. Here’s what it means for interest rates.
By: The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank’s goal of a 2% annual rate. That could cement more rate cuts ahead in 2024 … See the full article on Personal Consumption Expenditures, or, read more…