Tag: preferred

Doctored Philippine news report spreads fabricated ‘survey result’ on preferred presidential candidates

As relations soured between Philippine President Ferdinand Marcos and Vice President Sara Duterte, a manipulated news report surfaced in posts that claimed an ally of the powerful Duterte family topped a survey of preferred candidates for the archipelago’s next presidential election in 2028. Broadcaster ABS-CBN denied publishing the supposed report while polling body Pulse Asia Research told […]

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s report from the government showed that prices rose 0.3% from February to March, the same […]

Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience

(Bloomberg) — Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Most Read from Bloomberg Policymakers’ preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated […]