War-Driven Energy Costs Push Fed's Preferred Inflation Gauge Closer to 4%
The Federal Reserve’s preferred inflation measure is approaching 4% due to rising energy costs linked to the war in Iran. The personal consumption expenditures (PCE) price index is expected to rise by 3.8% year-over-year, marking a significant two-month acceleration since late 2021.
Topics: energy costs Federal Reserve PCE inflation gauge war-driven inflation