The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983. Including gas and groceries, …
The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983 Read More »