New York Fed Reports Decline in Price Pressures for February
Monday, 1 April 2024, 18:18
New York Fed Inflation Update
The Federal Reserve Bank of New York recently reported on the decline in price pressures for February. The Multivariate Core Trend Inflation gauge decreased to 2.9% from January's 3%, indicating a noticeable easing. This index plays a vital role in predicting longer-term price trends, showing a sustained cooling effect since its peak in June 2022.
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