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 What To Expect From April’s CPI Report READ MORE Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk READ MORE Gold's Unprecedented Surge in an Everything Rally READ MORE Gold gives up gains after comments from Fed’s Barr READ MORE Add a Comment Cancel replyYour email address will not be published.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