Fed-favored PCE inflation gauge shows 4.2% annual rate in March vs. 5.1% in Feb.


The numbers: The cost of goods and services rose a scant 0.1% in March and the yearly rate of inflation slowed again in response to higher interest rates and a cooler economy. But inflation is still sticky by another key measure.

The increase in the personal-consumption-expenditures index matched the Wall Street forecast. The PCE index is the Federal Reserve’s preferred inflation barometer.


This article was originally published by Marketwatch.com. Read the original article here.

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