Mar 28, 2025
Article from Fox Business by Eric Revell
Article Synopsis
The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) index, rose 0.3% in February and 2.5% year-over-year, aligning with economists’ expectations. Core PCE, which excludes food and energy prices, increased slightly more than anticipated at 0.4% for the month and 2.8% annually.
While goods prices saw a modest rise of 0.4%, service prices increased by 1%. Wages grew 0.4% monthly, and the personal savings rate climbed to 4.6%. The Federal Reserve, monitoring inflation and economic data ahead of its May meeting, remains cautious about cutting interest rates, with markets expecting rates to remain unchanged.
