Re: To HA. ….. PreMarket TNA.

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Posted by Gọn (136..12.9) on May 31, 2024 at 07:28:41:

In Reply to: Re: To HA. ….. PreMarket TNA. posted by Gọn on May 31, 2024 at 07:19:20:

The Fed's stance of holding interest rates higher for longer likely won't be shaken after a fresh reading from the central bank's favored inflation gauge showed continued stickiness of prices.

The so-called "core" Personal Consumption Expenditures index, which excludes volatile food and energy prices the Fed can’t control, clocked in at 2.8% over the prior year in April. That annual increase was unchanged from March and in line with expectations.

But the month-over-month increase in April showed a sliver of progress, clocking in at 0.2%. That was a tenth of a percent lower than the level for March and represented the slowest such increase for the index so far in 2024.

"What we ended up getting was a mix," Ryan Wang, HSBC US economist, said on Yahoo Finance Live.

The Fed "will be happy" with the month-over-month easing but the flat year-over-year figure "really doesn’t indicate much progress on disinflation this year."

Nguo^`n yahoo finance

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