In the wake of the Great Recession, 2% has been the Fed's target for core inflation. Although, the Fed traditionally uses the Personal Consumption Expenditure (PCE) price index as their preferred ...

The Fed's preferred inflation gauge showed price growth slowed in March, as the personal consumption expenditures (PCE) index ...

Inflation, as measured by the producer price index, fell half a percentage point to 2.7% for the year ending in March, the Bureau of Labor Statistics reported Friday, adding to the recent ...