Fed’s skating to where the puck is going—are you? Inflation says not time for cuts yet
Several alternative measures of U.S. inflation showed signs of firming in June, complicating the picture for Federal Reserve policymakers as they weigh the timing of potential interest rate cuts. The Dallas Fed’s trimmed mean PCE — which excludes the most extreme price movements each month to capture underlying inflation trends — rose at a 3.4% … Read more