US PCE Inflation Rises 0.4 Percent While Spending Gains
US PCE inflation rose 0.4 percent in February as spending grew 0.5 percent. High energy costs and geopolitical risks make near-term Fed rate cuts less likely.
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Inflation in the United States rose as expected in February, with further increases anticipated in March as geopolitical tensions continue to pressure energy markets. This trend is expected to discourage the Federal Reserve from implementing interest rate cuts in the near term. The personal consumption expenditures (PCE) price index climbed 0.4% in February, following a 0.3% gain in January, according to the Bureau of Economic Analysis.
