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US Fed Rate Hike In Sight As Inflation Picks Up

source-logo  coingape.com 26 May 2023 15:15, UTC

Fed Rate Hike: U.S. inflation and consumer spending in on a surge fuming expectations of another Federal Reserve Hike. The US Bureau of Economic Analysis on Friday reported that the Personal Consumption Expenditures (PCE) Price Index stood at 4.4% in April 2023 compared to 4.2% in March. Experts have advised investors to brace themselves for the Fed Hike.