Core inflation remains at 3% as pre-war data show softer demand and slower growth
TL;DR Summary
February core PCE rose 3% and headline inflation 2.8%, while consumer spending fell 0.1% and personal income rose 0.4%. GDP for Q4 was revised down to 0.5% growth (down from 0.7%), driven by weaker investment and lower real final sales. The report suggests stagflation pressures even before the Iran conflict boosts energy prices, with Fed officials expected to keep rates on hold as inflation remains above target.
- Core inflation was 3% in February, as expected, key Fed gauge shows CNBC
- Sticky reading on inflation pre-war will keep Fed on hold Yahoo Finance
- US Consumer Spending Barely Rose as Inflation Lingered Pre-War Bloomberg.com
- Inflation was getting worse before Iran war. New PCE price increases show how much. MarketWatch
- SNAPSHOT Wall St futures little changed after inflation data Reuters
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