US Inflation Cools as Consumer Spending Rebounds
TL;DR Summary
The Federal Reserve's preferred inflation metric, the core PCE price index, increased by 0.3% last month, showing a cooling trend compared to January's 0.5% gain, while household spending rebounded, indicating a potential shift in economic activity.
Topics:business#core-pce-price-index#economic-data#economics#federal-reserve#household-spending#inflation
- Fed's Preferred Inflation Metric Cools While Spending Rebounds Bloomberg
- Key Fed inflation gauge rose 2.8% annually in February, as expected CNBC
- US inflation moderating; consumer spending underpinning economy Reuters
- US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate The Associated Press
- Inflation Rose Slightly Last Month—First Time Since September Forbes
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