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March PCE data shows 2.7% annual increase, stubborn inflation

The Personal Consumption Expenditures (PCE) data for March aligned with forecasts, registering a 0.3% increase on a month-over-month basis and a 2.7% rise year-over-year. Yahoo Finance's Fed Reporter Jennifer Schonberger sheds light on how this figure could impact Federal Reserve rate cut expectations.

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This post was written by Angel Smith