More War-Driven Inflation Seen in Fed’s Favored Gauge
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Article Excerpt
ov}3qwwujzno8i}y5h14(g6}_media_dl_8.png Reserve Bank of Australia Article content (Bloomberg) — The Federal Reserve’s favored top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden. Article content Government data on Thursday are expected to show the personal consumption expenditures price index jumped 3.8% in April from a year ago. That would put inflation a full percentage point higher than it was in February, marking the biggest two-month acceleration since late 2021. Article content Article content Article…
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May 31, 2026