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The president and editor in Chief of Forbes, Steve Forbes, warns of the US prices that rise in the midst of global tariff tensions and intervenes in the leadership of the Federal Reserve.
The Federal Reserve’s favorite inflation meter showed that prices growth slowed down in March, with inflation with trends closer to the target rate of the Central Bank.
The Department of Commerce on Wednesday that the Index of Personal Consumption Expenses (PCE) was stable compared to the previous month and grew by 2.3% per year. These figures were largely in line with the estimates of economists surveyed by LSE, which predicted the monthly growth of prices and annual inflation to be 2.2%.
Core PCE, which excludes volatile food and energy prices, was also stable a month ago and grew 2.6% annually. LSE economists predicted a slight monthly increase of 0.1%, while their annual estimate was in line with the report.
The Federal Reserve Policies formulators are focusing on the figure of the PCE title while trying to delay the rhythm of price increases to their 2%target, although they see the central data as a better inflation indicator. The main PCE decreased from 2.5% in February, while Core PCE also decreased from 2.8%.
This is a development story. Consult the updates again.
