this post was submitted on 29 Mar 2024
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Economics

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Key Fed inflation gauge rose 2.8% annually in February, as expected (www.cnbc.com)
submitted 9 months ago by MicroWave to c/economics
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Key Points

  • The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago, matching estimates.
  • Core PCE was up 0.3% for the month and 2.5% at the 12-month rate, compared to estimates for 0.4% and 2.5%.
  • Consumer spending shot up 0.8% on the month, well ahead of the 0.5% estimate. Personal income increased 0.3%, slightly softer than the 0.4% estimate.
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[–] verdantbanana 0 points 9 months ago

where is that personal income increase?

must have missed those numbers when looked at the bank balance last