Key highlights from February’s Personal Consumption
Expenditures inflation report:
The headline personal consumption expenditures price index rose
by an annual rate of 2.5%, up from January’s 2.4% and in line
with expectations.
The headline month-on-month rate rose by 0.3% in a
shade lower than the 0.4% forecasts, after
a 0.3% rise last month.
The core price index, stripping out volatile food and energy
prices, rose by an annual rate of 2.8%, in line with consensus
forecasts. January’s core price index rose by an upwardly
revised 2.9%.
The core monthly rate rose at 0.3%, in line and down from
January’s 0.4% rise.
Key highlights from February’s Personal
Posted by steve on 29th of Mar 2024 at 11:19 am
Key highlights from February’s Personal Consumption Expenditures inflation report:
benzinga.com
Investors On Edge With Consumer Inflation Data Due Friday, Rate Cut Hopes Hang In The Balance - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY) - Benzinga
Investors await February's PCE inflation data, key for Fed's rate cut expectations. Economists predict slight increase in annual and monthly PCE and steady core PCE inflation. Market reactions could vary depending on report's outcome.