economy
Recent inflation data was 'bad news,' Fed's Goolsbee says
The Personal Consumption Expenditures price index, the central bank's preferred inflation measure, rose at a 3.5% annual rate in March.
TL;DR
- The Personal Consumption Expenditures price index rose at a 3.5% annual rate in March.
- This index is the Federal Reserve's preferred measure of inflation.
- The data suggests an increase in inflation for the month.