Trump Trade Muddles Inflation Outlook in Fed’s Favorite Gauge
Mon, Nov 25, 2024 5:01 PM

Trump Trade Muddles Inflation Outlook in Fed’s Favorite Gauge

A Flip by Shubhangi Gupta
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A stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated. Services inflation has been a relatively stubborn component of the overall PCE index, which is seen rising 0.2% in October from the prior month and 2.3% from a year ago in data due Wednesday.

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