Fed's Preferred PCE Inflation Gauge Approaches 4% on War-Driven Energy Costs
Key takeaways
- Government data expected Thursday will likely show the PCE price index at 3.8% y/y for April, up a full percentage point from February, marking the largest two-month acceleration since late 2021 amid Iran war-related energy price spikes.
AI insight — what it means
The news shows prices rising faster due to higher energy costs from the war. For everyday investors this could keep borrowing costs high and slow stock market gains.
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