
that income was up 0.2%, while wages, salaries and compensation were up 0.4%.”While the PCE number is perhaps higher than the Fed would like, Chairman Jerome Powell said in his recent speech at the ce
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ke, Chairman Jerome Powell said in his recent speech at the central bank’s summer symposium at Jackson Hole, Wyoming, noted that “on a 12-month basis, core PCE inflation peaked at 5.4 percent in Febru
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