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Federal Reserve’s preferred inflation metric edges down to 2.6%

Federal Reserve’s preferred inflation metric edges down to 2.6%

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US inflation eased to 2.6 per cent in the year to May, according to the metric the Federal Reserve uses to set its target for price pressures, keeping the central bank on course for at least one interest rate cut this year.

Friday’s data, published by the Bureau of Economic Analysis, on the personal consumption expenditures index…


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