By Vince Golle and Craig Stirling (Bloomberg) — The Federal Reserve’s favoured top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden. Government data on Thursday are expected to show the personal consumption expenditures price index jumped 3.8% in April from a year ago. … 

By Vince Golle and Craig Stirling (Bloomberg) — The Federal Reserve’s favoured top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden. Government data on Thursday are expected to show the personal consumption expenditures price index jumped 3.8% in April from a year ago. …  CMT News