US Fed's inflation measure eases

By Agence France-Presse

Jul 28, 2024 12:16 am

WASHINGTON, D.C. — The US Federal Reserve's (Fed) favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision.

The personal consumption expenditures price index eased to an annual rate of 2.5 percent in June, the Commerce Department said in a statement, down slightly from 2.6 percent a month earlier.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Acid Queen

Investment prospects in PH abound in HK fair

US industrial output shrinks in October

Nvidia to join DJIA, replacing Intel

Disney forms business unit for emerging tech

Building a strong investment foundation

Condo vacancies up due to ban on POGOs