Key Fed inflation gauge accelerated again in August as high prices persist
The 12-month core inflation rate slipped to 3.9%, the lowest level since September 2021, from 4.2% in July. The Dow Jones Industrial Average rallied as much as 200 points Friday morning after cooler-than-expected inflation data coming from the early release of the PCE price index. The GMO cofounder may be aligned with Buffett on the … Read more