In March, the U.S. core Personal Consumption Expenditures (PCE) price index, a key inflation measure favored by the Federal Reserve, increased by 2.8% year-over-year, surpassing expectations of 2.6%. This rise in core PCE aligns with a broader trend of increasing inflation indicators, including the Consumer Price Index (CPI) and Producer Price Index (PPI), which have been rising for two consecutive months. The data suggests a potential challenge for the Federal Reserve in considering rate cuts amid persistent inflation pressures. Additionally, the core PCE price index saw a monthly increase of 0.32% in March, with a revision in January's figures from a 0.45% gain to 0.50%. The 6-month annualized rate of core PCE inflation remained steady at 3%, while the 3-month rate escalated to 4.4% from 3.7% in February.
⚠️BREAKING: *U.S. MARCH CORE PCE PRICE INDEX RISES 2.8% Y/Y; EST. 2.6%; PREV. 2.8% 🇺🇸🇺🇸 https://t.co/g8GN4vLkbS
The core PCE price index rose 0.32% in March and was up 2.8% from a year earlier January's gain of 0.45% was revised to a gain of 0.50%. The 6-month annualized rate of core PCE inflation held steady at 3% in March The 3-month rate was 4.4%, up from 3.7% in February https://t.co/mwb0lWQR2o
PCE prices (another measure of inflation) for March come in touch higher than expected with a jump of 2.7% year over year (exp 2.6%) PCE Core prices jumped 2.8% in March (exp 2.7%). Better than the PCE from Q1 GDP yesterday, but the slowdown in inflation seems to have halted...
BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%. Core PCE inflation was 2.8%, above expectations of 2.6%. We now CPI, PPI and PCE inflation RISING for 2 straight months. How can the Fed cut interest rates?
BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%. Core PCE inflation RISES to 2.8%, above expectations of 2.6%. We now CPI, PPI and PCE inflation RISING for 2 straight months. How can the Fed cut interest rates?