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 Fed's Rate Hikes Propel Global Shift Away from U.S. Dollar, Says Atlantic Council READ MORE Gold Ignores Negative News: Bulls Overexuberant? READ MORE Speculative froth departing gold as China tightens trading conditions READ MORE Silver price pulls back as early Fed rate-cut hopes fade READ MORE Add a Comment Cancel replyYour email address will not be published.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