Recent reports show a mixed picture of inflation in the US. Core PCE inflation decreased to 2.8% in February, the lowest since March 2021. However, other inflation measures like CPI, PPI, and Supercore have seen increases, with some reaching the highest levels since 2023. Federal Reserve Chair Jerome Powell views the latest inflation report as aligned with the bank's goals but acknowledges the challenges ahead.
So-called “supercore” PCE (core services ex-housing) #inflation increased by +0.18% month/month (blue) in February, a huge step down from prior month’s gain … year/year change (orange) eased to +3.33% https://t.co/1qSay9vuMA
As of February, 3m annualized % change for core PCE #inflation moved up to +3.5% https://t.co/zWkVWvlC0V
Core PCE #inflation, the inflation measure the Federal Reserve looks at most, declined to 2.78% in February. This marks the slowest pace of core inflation in nearly two years. Given that the Fed needs little to start cutting rates from levels that should be highly restrictive,… https://t.co/Fib4JYyDJs
💡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
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
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
We now have: 1. CPI inflation up 2 straight months - first time since September 2023 2. PPI inflation nearly doubled YoY - highest since October 2023 3. PCE inflation up in February - first time since August 2023 4. 3M-annualized Supercore - highest since June 2023 5.…