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Cooling inflation data means the Fed is in position to cut rate in June, chief economist says
The PCE index, which is the Fed's preferred inflation gauge, decelerated to a 0.3% monthly increase from 0.5% in January.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 1, 2023.Kevin Dietsch/Getty Images
- Cooling inflation d… [+2051 chars]
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