Federal Reserve’s Favored Price Gauge Rises at Mild Pace, Spending Holds Up
YEREVAN (CoinChapter.com) — The Federal Reserve’s preferred measure of underlying US inflation rose at a tame pace in June, while consumer spending remained healthy. The core personal consumption expenditures (PCE) price index, excluding volatile food and energy items, increased by 0.2% from May, according to the Bureau of Economic Analysis (BEA) data released on Friday. […]