Fed's First Inflation Report Under Chair Warsh Shows Prices Near 3-Year High
Fed’s First Inflation Report Under Chair Warsh Shows Prices Near 3-Year High The Federal Reserve’s first inflation report under new Chair Kevin Warsh reveals U.S. consumer price growth approaching its highest level in nearly three years, prompting market reassessment of monetary policy direction. Core personal consumption expenditure (PCE) prices rose 3.1% year-over-year, up 0.3 percentage points from the prior month — the fastest pace since September 2023. Energy price volatility was a primary driver, with international oil prices surging over recent months due to ongoing Middle East geopolitical tensions, pushing up transportation and manufacturing costs. ...