The PCE price index rose 0.3% month-on-month in February. At the same time, January's month-on-month data was revised upward to 0.4%. The PCE price index rose 2.5% year-on-year in February, compared with 2.4% in January. The core PCE price index recorded an annual rate of 2.8% and a monthly rate of 0.3%. Over time, a return to 0.2% monthly inflation is necessary to bring inflation back to target. In addition, the report also showed that the monthly rate of personal spending in the United States jumped from 0.2% to 0.8%, the largest increase since January 2023.
Fed officials reiterated last week that they expect to cut interest rates three times this year, although the timing of the cuts remains uncertain. Stock and bond markets were closed for Good Friday, but widespread confidence in the Fed's ability to control inflation without triggering a recession had pushed the S&P 500 to a record high. Traders see a 64% chance that the Fed will cut interest rates by June, according to CME data.
Friends who have no ideas can follow me and click on the avatar to find me.
Follow Brother Ming and have a lot of happiness! ! !
#BTC #WIF #SHIB #热门话题 #Meme $BTC $ETH $BNB
