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"US Inflation Reverses Recent Progress, But Bullish Stocks Narrative Remains Intact"

1 min read
Source: CNN
"US Inflation Reverses Recent Progress, But Bullish Stocks Narrative Remains Intact"
Photo: CNN
TL;DR Summary

US inflation, as measured by the Personal Consumption Expenditures price index, rose to 2.5% for the 12 months ending in February, driven by a 2.3% increase in energy prices. The core PCE index, excluding energy and food, slowed slightly to 2.8%. Consumer spending accelerated by 0.8% in February, but concerns arise as consumers have drawn down pandemic-related savings and credit card debt is at a record high. The latest inflation data is unlikely to change the Fed's plans for eventually cutting interest rates, with officials still anticipating three rate cuts this year.

Topics:business#consumer-spending#economy#federal-reserve#interest-rates#labor-market#us-inflation
Share this article
  1. US inflation ticked higher last month, reversing some recent progress  CNN
  2. Key Fed inflation gauge rose 2.8% annually in February, as expected  CNBC
  3. US inflation moderating; consumer spending underpinning economy  Reuters
  4. US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate  The Associated Press
  5. Bullish Stocks Narrative Seen as Intact After US Inflation Data  Bloomberg

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