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Key Fed inflation gauge rose 2.8% annually in February, as expected

Posted on AllSides March 29th, 2024
From The Center

Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer.

The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago, the Commerce Department reported Friday.. Both numbers matched the Dow Jones estimates.

Including volatile food and energy costs, the headline PCE reading showed a 0.3% increase for the month and 2.5% at the...

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https://www.cnbc.com/2024/03/29/pce-inflation-report-february-2024-key-fed-inflation-gauge-rose-2point8percent-annually-as-expected.html

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