The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, climbed 4.4 percent in April, a slight increase from March.
Tag: United States Economy
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Fed Officials Were Split Over June Rate Pause, Minutes Show
In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.
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Potential Debt Ceiling Deal Would Barely Change Federal Spending Path
Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs
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Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.