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Federal Reserve Spotlights April’s Climbing Prices with Preferred Inflation Measure - The MortgagePoint
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Federal Reserve Spotlights April’s Climbing Prices with Preferred Inflation Measure - The MortgagePoint
In April, the Federal Reserve’s favored inflation measure shot up to a three-year high, adding to Wall Street’s and the central bank’s mounting concerns about widening price pressures. Due to rising oil prices brought on by the Middle East crisis, the Personal Consumption Expenditures Index increased by 3.8% in April. That was higher than the 3.5% in March and in keeping with predictions. PCE was up 3.3%, in line with predictions, and up a tenth…
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