(Reuters) - That was the lowest reading for the year-over-year core PCE
price index, a closely watched inflation gauge, since a
matching reading in March 2004, the Commerce Department said.
This latest reading should provide some comfort to Federal
Reserve policy-makers who on Thursday opted to hold interest
rates steady but still cautioned that inflation was a key
concern.
Read more at Reuters.com Economic News
price index, a closely watched inflation gauge, since a
matching reading in March 2004, the Commerce Department said.
This latest reading should provide some comfort to Federal
Reserve policy-makers who on Thursday opted to hold interest
rates steady but still cautioned that inflation was a key
concern.
Read more at Reuters.com Economic News
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