✉news BusinessBanking first seen 10 h ago, last 6 h ago, peak #20
Fed's preferred inflation gauge eases to 3.4% in August
Original: Fed’s preferred measure of inflation dips to 3.4 percent in August
New US data shows the Federal Reserve's preferred inflation measure, the personal consumption expenditures price index, dipped to 3.4 percent in August. The reading keeps inflation above the Fed's 2 percent target but suggests price pressures continued to moderate, feeding debate over whether policymakers will hold interest rates steady or cut at upcoming meetings.
Why now: The latest inflation reading shapes expectations for the Federal Reserve's next interest rate decision.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/484476