INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Fed Prepared for Inflation Over 2% Target
Growth in Personal Consumption Expenditures (PCE) is the Federal Reserve’s preferred measure of inflation. PCE rose 2.0% in March, which was the first time in more than a year that it was on target. Excluding food and energy costs, prices rose 0.2% in March from February and were up 1.9% for the year.
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