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Fed's Preferred Inflation Gauge Hits 40-Year High

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The Personal Consumption Expenditures (PCE) index rose by 6.8% in the year through June, the fastest rate since 1982. See the potential biases and similarities in reports from marketwatch, foxbusiness and nytimes:

measures the prices that people in the United States pay for goods and services

, and is the Federal Reserve's preferred gauge for price inflation. Core prices, which exclude the more volatile measurements of food and energy, rose 0.6% from the previous month and 4.8% on an annual basis, according to the Commerce Department. Both numbers were higher than economists predicted.employers spent 5.1% more on compensating workers

in the second quarter of 2022 compared with the same period a year earlier, which marked the fastest annual pace on records back to 2001.more prominently than right-rated sources did, which instead tended to

 

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Fed Raises Interest Rates Another 0.75 Point to Combat InflationThe Federal Reserve on Wednesday raised its benchmark interest rate by another 0.75 percentage point, marking the fourth increase in five months. See potential bias and similarities in coverage from CNNBusiness, CNBC and DailyCaller:
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