Hopes of Rate Cuts Soar on Cooling Inflation: 5 Top Gainers

Inflation, which resumed its climb in the first quarter of 2024, is finally showing signs of cooling. The Commerce Department said that personal consumption expenditure (PCE), the Federal Reserve's favorite inflation gauge, increased just 0.3% month over month in April, unchanged from March's rise and in line with the consensus estimate. Core PCE, which excludes the volatile food and energy prices, rose 0.2% month over month, lower than March's rise of 0.3% and the consensus estimate of a repeat of 0.3%. Ye ...