Tag: Personal Consumption Expenditure Index, PCE

• Monday, April 1st 2024 - 12:22 UTC

  Federal Reserve chairman Powell, “in no rush to begin cutting interest rates”

  

  Despite an encouraging Personal Consumption Expenditure Index, PCE, Federal Reserve Chair Jerome Powell repeated on Sunday that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.