This morning's news :
"The Federal Reserve’s preferred gauge showed inflation heated up in April, as the conflict in the Middle East pushed oil prices higher. The report reinforces that the central bank will remain firmly on hold until there is evidence that inflation is receding.
The Personal Consumption Expenditures Index rose 3.8% in April, in line with expectations and up from 3.5% in March. Excluding volatile food and energy prices on a so-called “core” basis, PCE was up 3.3%, also in line with expectations, and up a tenth from 3.2% in March. Still, that’s the highest level in two-and-a-half years."
We need an intervention !
