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Inflation Gets Hotter & Airbnb Bans Surveillance Cameras
Morning Brew Daily
Different Inflation Gauges and Potential Rate Cuts by the Fed
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The Federal Reserve utilizes the Personal Consumption Expenditures Index (PCE) maintained by the Commerce Department as its primary inflation gauge, not the Consumer Price Index (CPI) used by the Labor Department. The upcoming release of the PCE data on March 29th is crucial as the Fed bases its targets on this index. In the next scheduled meeting, it is anticipated that the Fed will maintain the interest rates. However, the focus will be on how many rate cuts may be considered for the remainder of 2024, which could be either two or three cuts. A scenario with three rate cuts would likely see the Fed begin lowering rates around June 2024.
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