"US February Core Inflation Matches Expectations at +2.8% Year-Over-Year"

In February, US core PCE inflation rose by 2.8% year-on-year, meeting expectations, while personal income increased by 0.3% and personal spending surged by 0.8%. The dollar softened despite a lower-than-expected headline monthly inflation reading. Goods prices fell by 0.2% year-on-year, while services prices rose by 3.8% year-on-year, indicating a mixed inflation trend.