U.S. INFLATION RATE SLOWS TO 6.3%, FED-FAVORED PCE GAUGE SHOWS, IN A SIGN THAT PRICE PRESSURES COULD BE PEAKING

The figures: A key measure of U.S. inflation rose just 0.2 percent in April to record the lowest increase over the past year and half, helped by lower prices for gasoline. There were further indications that the increase within U.S. inflation might be slowing down. The rise in the so-called PCE, or personal consumption cost index also … Read more