Reported 24 days ago
The February Personal Consumption Expenditures (PCE) price index rose by 0.3%, maintaining the same rate observed in January, with a year-over-year increase of 2.5%. Despite some economists' expectations, core inflation ticked slightly higher at 2.8%. The data suggests persistent inflation pressures remain, affecting expectations for future Federal Reserve interest rate adjustments as markets brace for uncertainty, particularly ahead of upcoming tariff changes.
Source: YAHOO