Rate cuts and cooling inflation: What PCE data means for the Fed’s next move

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Treasury Yields (^TNX, ^TYX, ^FVX) are pushing higher after the Personal Consumption Expenditures (PCE) Index for December 2023 showed inflation continuing to cool. Considered one of the Federal Reserve’s preferred inflation gauges, the reading fell below 3% for the first time since March of 2021.
Yahoo Finance Fed Reporter Jennifer Schonberger joins the Live show to discuss the recent PCE data and what that potentially means for the Fed’s next interest rate policy decision.

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