The US PCE index fell to 5% in February.

(AFP)

[Financial Channel/Comprehensive Report] The U.S. Bureau of Economic Analysis (BEA) announced on Friday (31st) that the personal consumption expenditures price index (PCE) in February was 5%, down from 5.3% in January; The core personal consumption expenditures price index (Core PCE) was 4.6%, which was also better than expected and last month's 4.7%, showing that the inflation situation in the United States has gradually slowed down.

Personal consumption expenditures and the consumer price index (CPI) are both important indicators for the Federal Reserve (Fed) to measure the level of inflation. In the BEA report, personal income increased by 0.3% due to salary increases, slightly higher than expected 0.2%; consumer spending rose 0.2%, better than the expected 0.3%.

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"CNBC" pointed out that inflation may still be higher than the Fed's 2% target by 2024. Therefore, even with the recent turmoil in the banking industry, the Fed still maintains the pace of raising interest rates in order to curb inflation.

After the release of the data, U.S. stocks continued yesterday’s gains before the market. As of 9:05 p.m. Taipei time, the Dow Jones futures rose 120 points or 0.36%; the S&P 500 futures rose 10.25 points or 0.25%; the Nasdaq 100 Futures rose 16 points, or 0.11%.

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