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Charley Grant and Nick Timiraos: Fed’s Favored Inflation Gauge Rose to 2.5% in February


The overall PCE price index was in line with expectations. A key measure of U.S. inflation rose as expected in February, putting a spotlight on whether price growth will be cool enough this spring to justify an interest-rate cut by midyear. The overall personal-consumption expenditures price index rose 2.5% over the 12 months through February,

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Posted: March 29, 2024 Friday 03:54 PM