US Inflation Cools in February, Consumer Spending Moderates
TL;DR Summary
The Personal Consumption Expenditures (PCE) Index, the inflation measure closely watched by the Federal Reserve, slowed to 5% on an annual basis in February, down from 5.3% in January and slightly lower than economists' forecasts. The "core" measure, which removes volatile food and fuel prices, also cooled more than expected. The report is one of many that Fed officials will consider as they approach their next interest rate decision on May 3. While inflation is slowing, it remains more than double the Fed's 2% target, and officials have suggested they may need to do more to control it.
- The Fed's Preferred Inflation Gauge Cooled Notably in February The New York Times
- A key inflation gauge tracked by the Fed slowed in February Yahoo Finance
- The Fed's favorite inflation measure cooled in February CNN
- Consumer Spending Growth Moderated in February and Core Inflation Eased The Wall Street Journal
- US Inflation Nudges Lower, US Dollar (DXY) Also Slips on Drifting Rate Expectations DailyFX
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