TLT - Inflation Declined In March But Remains High
2024-04-27 23:39:00 ET
Summary
- The Personal Consumption Expenditures Price Index, which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent in March.
- Core inflation, which excludes volatile food and energy prices, also remained elevated.
- The latest numbers will do little to sway members of the Federal Open Market Committee, who are set to meet next week.
By William J. Luther
Inflation is once again on the decline, new data from the Bureau of Economic Analysis ((BEA)) show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent in March. It grew at an annualized rate of 5.1 percent in January and 4.0 percent in February....
Inflation Declined In March, But Remains High