Core PCE inflation hits 3.4%, highest since 2023; raises Fed rate cut doubts

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• Hindustan TimesLean L·1h ago

  Core PCE inflation hits 3.4%, highest since 2023; raises Fed rate cut doubts

  PCE inflation rose to 4.1% while core PCE reached 3.4%, its highest level since 2023, raising concerns that Fed rate cuts could be delayed.

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