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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.
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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.