Reported about 8 hours ago
The recent PCE inflation report revealed a monthly increase of 0.3% in January, consistent with expectations, while year-over-year core prices rose 2.6%, down from the previous month. This data is likely to influence the Federal Reserve's decision to maintain interest rates in their upcoming March meeting, as it reflects a slower pace of price growth compared to other indicators. Fed officials remain cautious about inflation trends and are focused on monitoring economic conditions before making any changes to interest rates.
Source: YAHOO