The release of the PCE data, which measures inflation for goods and services excluding food and energy, holds great significance. Monitored closely by the Federal Reserve as an indicator of inflation, the latest update on the PCE has just been made available. Recent statements from members of the Fed suggest that if progress towards achieving the 2% inflation target persists, compelling data at this juncture could potentially pave the way for interest rate reductions. Stay up to date with the most recent financial and business news by visiting COINTURK FINANCE.
