QOTD: Inflation Cometh

The key takeaway from this morning’s punk GDP report:

Meanwhile, Inflation advanced at a 2.4% annual pace in the first quarter, according to the personal-consumption expenditures, or PCE index. The PCE index–the preferred inflation gauge of the Federal Reserve–easily topped the central’s bank’s 2% target for the first time in several years.  – MarketWatch

This entry was posted in Economics, Inflation/Deflation, Uncategorized and tagged , , . Bookmark the permalink.

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