US Fed's Preferred Inflation Gauge Shows Some Cause For Concern

Source: International Business Times

Donald Trump has announced a new tariff on automotive vehicles and parts not made in the United States AFP The US Federal Reserve's preferred inflation measure was largely unchanged last month, according to government data published Friday, but a widely scrutinized gauge of underlying price pressures rose. The personal consumption expenditures (PCE) price index rose 2. 5 percent in the 12 months to February, the Commerce Department said in a statement, unchanged from a month earlier.