EconomyPolitics
PCE Inflation Hits 3.8% in April as Spending Power Erodes
The Fed's preferred PCE inflation gauge rose to 3.8% in April, squeezing households as incomes fall and savings dwindle, complicating rate cut prospects.
—4 min read
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#Federal Reserve
3 articles
Economy
U.S. Inflation Hits 3.8%, Fastest Pace in Three Years
The PCE price index rose 3.8% in April, the fastest since May 2023, driven by energy costs from the Iran war and straining household budgets.
—5 min read
EconomyPolitics
Kevin Warsh Takes Charge of Fed Amid Rising Inflation Threat
Kevin Warsh was sworn in as Fed chair on May 22, inheriting an economy with 3.8% inflation, a divided FOMC, and pressure from Trump to cut rates.
—5 min read