Fed's Core Inflation Metric Remains High Despite Slowing Headline Numbers
The recent decline in headline inflation has significantly reduced the likelihood of a September Federal Reserve rate hike.
However, Core Personal Consumption Expenditures (PCE), a key measure of inflation favored by the Fed, remains stubbornly high at 3.3%.
This has some experts warning that while the current stock market rally may continue, a more significant challenge lies ahead for investors.