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The U.S. Economy Isn’t Running on Fumes After All
April’s inflation report landed Thursday, and it immediately set off alarms. Headlines zeroed in on the jump in the Fed’s preferred inflation gauge – the Personal Consumption Expenditures (PCE) price index – rising to 3.8% year-over-year from 3.5% in March and 2.9% in February. Many warned this meant high oil and gas prices were becoming […]
