Fed's Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
(Bloomberg) -- Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated.Most Read from BloombergTraders Are Cashing Out of Markets En MasseMagnificent Seven Earnings Arrive With Stocks at Critical MomentNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemTikTok Divest-or-Ban Bill Expected to Become US Law in Da
Source: yahoo.com
