EXCLUSIVE: Another Warsh Rate Hike Is Hard to Justify After Core PCE Undershoots, Says Truflation's Oliver Rust
Truflation’s Oliver Rust says softer PCE makes another Fed hike hard to justify as underlying inflation cools.
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Why It Matters
Inflation (the cost of things going up) slowed down more than expected. This makes it harder for the Fed to raise interest rates again soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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