Fed's PCE index shows significant decline, raising likelihood of further interest rate cuts.
The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) index, has shown a significant decline, increasing the likelihood of further interest rate cuts. Following a half-point rate cut, the Fed aims to stabilize inflation and maximize employment. The cooling inflation allows the Fed more flexibility in addressing economic challenges, potentially influencing borrowing costs and consumer spending.
September 27, 2024
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