Thursday, the Commerce Department said that the Federal Reserve’s preferred inflation indicator indicated increased price pressures in February, rising to its highest annual level since 1983. The personal consumption expenditures price index jumped 5.4 percent from the same period in 2021, the largest increase since April 1983, when food and energy prices were excluded. The […] The post Fed’s Preferred Inflation Gauge Rose 5.4%, Highest Since 1983 appeared first on The Reporter Online.