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💡On Friday, U.S. core PCE inflation for February slowed to 0.3% month-over-month from 0.4% the previous month, aligning with economists' forecasts, but January's core PCE was revised up to 0.5% from 0.4%. Despite high inflation, these expected figures may support a Fed rate cut… https://t.co/Txf9cgfhcw
The Fed's preferred inflation gauge "core" PCE index — which excludes volatile food and energy prices — clocked in at 2.8%, in line with expectations and down from 2.9% in January. This could keep a mid-year interest rate cut on the table. https://t.co/4pRrTqn6ct https://t.co/UgCb8wsFfX
The Fed's preferred measure of inflation (Core PCE) moved down to 2.8% in February, the lowest since March 2021. The Fed Funds Rate is now 2.5% above Core PCE, the most restrictive monetary policy we've seen since September 2007. https://t.co/So6GG5wvm1
Multiple sources report that the Federal Reserve's closely watched inflation gauge, the Core PCE, showed a decrease in price pressures last month, indicating a gradual easing of inflation. Despite this easing, the measure remains above the Fed's 2% target. The decline in inflation is accompanied by a rebound in consumer spending, as stated by the government and Federal Reserve officials.
