Key Federal Reserve Inflation Rate Confirms Bad News For Rate Cuts; S & P 500 Rises

The primary Federal Reserve inflation rate, the core PCE price index, showed that price pressures heated up in January, but no worse than feared, keeping a June rate cut on the table. The S&P 500 rose modestly following the inflation data. The personal consumption expenditures, or PCE, price index…#federalreserve #pce #jeromepowell #commercedepartment #socialsecurity #oliverallen #google #treasury
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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