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US Inflation Data to Show Small Step in Right Direction for Fed
Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year. The figures, to be published Wednesday by the Bureau of Labor Statistics, will probably show a key gauge of prices excluding food and energy advanced 0.3% last month, according to the median estimate in a Bloomberg survey. The broader consumer price index is seen rising 0.4%, thanks in part to higher gas prices. Such an outcome would offer some relief for investors and Federal Reserve officials after the so-called core gauge rose 0.4% in ... (full story)
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- Posted: May 15, 2024 7:54am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,214
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