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Underlying Inflation Cools Sharply in May, Strengthening Case for Fed Rate Cuts

The Federal Reserve’s preferred inflation gauges showed underlying price pressures easing in May, reinforcing the case for interest rate cuts later this year as price growth continues to drift downward. The Personal Consumption Expenditures (PCE) price index, released Friday by The post Underlying Inflation Cools Sharply in May, Strengthening Case for Fed Rate Cuts appeared first on Breitbart.

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