Two Measures of Inflation: April 2024
The BEA’s core Personal Consumption Expenditures (PCE) Price Index for April shows that core inflation continues to be above the Federal Reserve’s 2% long-term target at 2.8%. The April core Consumer Price Index (CPI) release was higher, at 3.6%. The Fed is on record as using core PCE data as its primary inflation gauge. For [...]
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