Reported 3 days ago
The latest PCE index indicated that prices rose more than anticipated in February, reflecting ongoing inflation above the Federal Reserve's 2% target. The core PCE rose by 0.4%, surpassing forecasts, while personal spending also increased but fell short of expectations. Analysts suggest that tariffs may slow spending growth and contribute to rising prices, keeping the Fed cautious on interest rate adjustments despite the higher inflation projections.
Source: YAHOO