Inflation came in at hot 2.8% in Fed’s preferred gauge in February, before oil spike
The personal consumption expenditures index report by the Bureau of Labor Statistics was released on Thursday morning.
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
Core PCE inflation comes in slightly hotter than expected in February
M/M vs. +0.3% consensus and +0.4% prior, according to data released by the Bureau of Economic Analysis on Thursday.
NBC Connecticut
Inflation cooled in January, offering some relief for consumers
Inflation rose just 0.2% in January from December and fell to 2.4% on an annual basis. Both readings were less than anticipated, in a positive sign for consumers. Broadly, economists surveyed by Dow Jones expected inflation overall to have risen by 0.3% in ...
US labor market holds steady; inflation firmer before Iran war
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the U.
New inflation numbers on tap for Thursday and Friday
PCE and CPI—hit this week. See forecasts, what core inflation signals, and how oil prices may sway Fed rate cuts.