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Key Federal Reserve Inflation Gauge , Rose 2.8% in March.<br/>According to Commerce Department <br/>data released on April 26.<br/>the personal consumption expenditures <br/>(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .<br/>That exceeded Dow Jones <br/>estimates of 2.7%, CNBC reports. .<br/>When also accounting for food and energy, the all-items PCE measure rose 2.7%, <br/>which was above the 2.6% estimate.<br/>Inflation reports released this morning <br/>were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>... but investors should not get <br/>overly anchored to the idea that <br/>inflation has been completely <br/>cured and the Fed will be cutting <br/>interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>The prospects of rate cuts remain, <br/>but they are not assured, and the <br/>Fed will likely need weakness in <br/>the labor market before they <br/>have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>Consumers continue to spend despite <br/>higher prices, CNBC reports.<br/>Personal spending increased 0.8% in March, while personal income rose 0.5%.<br/>The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.<br/>The Fed continues to target 2% inflation, which the core PCE has exceeded for <br/>the last three years, CNBC reports.

Key Federal Reserve Inflation Gauge Rose 2.8% in March

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Persistently high inflation in the United States could see the world's most powerful central bank delay cutting interest rates. But does that mean Australia will do the same? Alan Kohler explains when borrowers here might be able to expect some rate relief.

Alan Kohler Explains: Inflation in Australia differs from the US

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Are Brits still splurging despite monetary pressures?

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Economy Minister Rafizi Ramli said that the government will share details on the subsidy rationalisation plan, including its criteria and implications soon.<br/><br/>On Thursday (April 25), he said that if the government subsidy rationalisation policy is successful, the savings could be diverted into social assistance, potentially boosting poverty reduction while generating fiscal savings.<br/><br/>Read more at https://tinyurl.com/3x692skv<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Rafizi: Govt to share details on subsidy rationalisation mechanism

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