Fed’s Favorite Inflation Gauge Up 2.9% from a Year Ago The Federal Reserve’s favored inflation gauge shows a notable slowdown in December 2023. The Commerce Department’s personal consumption expenditures price index indicated a monthly rise of just 0.2% and an annual increase of 2.9%, excluding volatile food and energy costs. This data, aligning with Dow Jones economists’ predictions, marks a decrease from the 3.2% annual rate observed previously, reaching the lowest point since March 2021. Even when accounting for fluctuating food and energy prices, the overall inflation rate mirrored these trends, maintaining a steady 2.6% on a yearly basis. This deceleration in core inflation suggests a pivotal shift in the economic landscape, potentially impacting Federal Reserve policies and investor strategies in the gold and silver markets. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How One Man’s Wealth Upended Markets from Africa to Asia READ MORE Investment Giants Turn to Gold as Hedge Against Economic Uncertainties READ MORE Gold Finds Support at 50-Day EMA, Eyes Gradual Rebound READ MORE Oil Prices Recover Slightly Amid OPEC+ Supply Concerns READ MORE China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment