Key US inflation gauge cools further as rate hikes bite
Friday, 28 July 2023 A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday. The Federal Reserve's preferred gauge of inflation, the personal consumption expenditures (PCE) price index, rose 3.0 per cent last month from June 2022, down from a 3.8 per cent jump in May, said the Commerce Department.
Key Inflation Rate , Hits Lowest Annual Level , in Almost 2 Years.
CNBC reports that inflation continued
to show signs of cooling in June,
in line with Dow Jones estimates.
CNBC reports that inflation continued
to show signs of cooling in June,
in line with Dow Jones estimates.
According to...
Fed Expected to , Continue Raising Rates , Despite Inflation Easing.
In June, inflation in the United States hit 3%,
the lowest it has reached since March 2021. .
NPR reports that the news could be..
Credit: Wibbitz Top Stories Duration: 01:31Published
Population Boom , Makes Florida the New , US Inflation Hotspot.
CNN reports that Florida is now
the United States' inflation hotspot,
due to the persistently high cost of housing.
With just over..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 28 July 2023
![Fed Expected to Continue Raising Rates Despite Inflation Easing [Video]](https://video.newsserve.net/300/v/20230712/1355294028-Fed-Expected-to-Continue-Raising-Rates-Despite-Inflation.jpg)
![Population Boom Makes Florida the New US Inflation Hotspot [Video]](https://video.newsserve.net/300/v/20230710/1355213282-Population-Boom-Makes-Florida-the-New-US-Inflation.jpg)
