Inflation Moderates and Personal Income Rises, Impacting Stock Market and Fed Gauge.
TL;DR Summary
Personal income rose by 0.3% in February, while personal spending increased by 0.2%, according to the Bureau of Economic Analysis. Inflation slowed during the month, with the core PCE Index rising by 0.3%, down from 0.6% in January. The personal saving rate was 4.6% in February, up from 4.4% in January. The Y/Y increase in the core PCE Index remains more than double the Federal Reserve's goal of 2% inflation.
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