November PCE: Key fed inflation gauge rose 2.4% annually

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Dec. 20 (UPI) -- The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis, the Bureau of Economic Analysis said in a statement Friday. Inflation increased by 2.4% on a year-over-year basis in November according to the PCE index, which is the U.S. Federal Reserve 's preferred metric to gauge inflation. Advertisement The annual 2.4% rate was slightly below a 2.5% Dow Jones prediction but above of the Federal Reserve's 2% goal. Core inflation also

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November PCE: Key fed inflation gauge rose 2.4% annually https://www.upi.com - 20.12.2024 18:08

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November PCE: Key fed inflation gauge rose 2.4% annually https://www.upi.com - 20.12.2024 18:08