Fed's Preferred Inflation Metric Rises in February Before Iran Conflict
The U.S. Commerce Department reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased by 0.4% in February, accelerating from a 0.3% rise in January. This data indicates that inflation remained persistent even prior to the onset of the recent conflict involving Iran. The core PCE index, which excludes volatile food and energy prices, also rose by 0.4%, aligning with analyst expectations. The report highlights ongoing economic pressures within the United States as the Federal Reserve continues to monitor price stability amidst global geopolitical developments.
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Fed's Preferred Inflation Metric Rises in February Before Iran Conflict
The U.S. Commerce Department reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased by 0.4% in February, accelerating from a 0.3% rise in January. This data indicates that inflation remained persistent even prior to the onset of the recent conflict involving Iran. The core PCE index, which excludes volatile food and energy prices, also rose by 0.4%, aligning with analyst expectations. The report highlights ongoing economic pressures within the United States as the Federal Reserve continues to monitor price stability amidst global geopolitical developments.
WSJ.com: Economy