Fed's Preferred Inflation Gauge Rose Less Than Expected in April, Consumer Spending Pressured By High Gas Prices

The personal consumption expenditures price index moved up 0.4 percent last month compared with March, according to the Commerce Department's Bureau of Economic Analysis. Economists had forecast the index would rise by 0.5 percent.  The post Fed’s Preferred Inflation Gauge Rose Less Than Expected in April, Consumer Spending Pressured By High Gas Prices appeared first on Breitbart.