Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
US inflation has increased, with the PCE index rising for the first time since September. The core PCE index, excluding food and energy prices, is at 2.8%, down from 2.9% in January. Federal Reserve Chair Jerome Powell sees the recent inflation report as in line with the central bank's goals.
💡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
Inflation & the Passion of Jerome Powell | ICYMI | “I don’t do that. That’s really not my job...." | https://t.co/nW8Gkfnpbo
Federal Reserve Chair Jerome Powell said that a new inflation report released Friday is "along the lines of what we want to see," sticking to an assertion that inflation is still on a "bumpy path" to the central bank's goal of 2%. https://t.co/UwzfsmtYaN
