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
🇺🇸 U.S. INFLATION SURGES: A BUMP OR TREND? February's PCE index revealed a sharp increase in U.S. inflation, challenging the Biden administration’s hopeful notion that high inflation is under control. Federal Reserve Chair Powell reportedly views the report as a bump in the… https://t.co/KUNavFVHu4 https://t.co/EMbXdUOnJD
Inflation went up last month. https://t.co/Jsp2uva8Zy
[inflation] https://t.co/JUTDbPMCnY
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
"PCE inflation report: Key measure ticks higher for first time since September." (via @USATODAYmoney) https://t.co/awQmu7DT1F
According to the Fed's latest projections, the U.S. economy is expected to expand by 2.1% in 2024, marking a significant improvement from the previous forecast of 1.4% Economists and market analysts have long anticipated the Fed's first interest rate cut, which is widely…
🇺🇸 US inflation ticked higher last month, reversing some recent progress https://t.co/pwigXalPce
🇺🇸 PCE inflation report: Key measure ticks higher for first time since September https://t.co/GlM1boKPLw