Federal Reserve's PCE price index shows declining inflation, suggesting potential interest rate cuts.
The Federal Reserve's preferred inflation measure, the PCE price index, shows a decline in price pressures, suggesting the possibility of further interest rate cuts. This cooling inflation could give the Fed more flexibility in managing the economy amid ongoing global uncertainties, impacting borrowing costs, consumer spending, and investment. The potential rate cuts aim to support economic stability as inflationary pressures ease.
September 27, 2024
124 Articles