PCE price index May: ‘by year-end core inflation will start to moderate’
U.S. equities are down another 1.0% on Thursday even after the Fed’s favourite gauge brought in “some” good news on the inflation front. Mona Mahajan’s view on inflation The core PCE price index was up 4.7% in May versus a hotter 4.8% increase expected. According to Mona Mahajan – Senior Investment Strategist at Edward Jones
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