From Yahoo Finance: 2024-03-29 13:30:00

Inflation continues to rise in the US, with the PCE climbing 2.5% annually in February. Core PCE, excluding food and energy costs, rose 2.8%. Monthly rates also increased, but markets won’t react until after the Good Friday holiday. Analysts expect the Fed to hold rates steady at its next meeting in May.

The FOMC decided to keep rates unchanged at 5.25% to 5.50%, after a 15-month period of hikes. The Fed is aiming to reduce inflation to 2% annually, with concerns about high energy and goods prices. Chairman Powell hinted at possible rate cuts later in the year, while maintaining cautious optimism about the economic outlook.



Read more at Yahoo Finance: Fed’s Preferred Inflation Gauge Rose 2.8%, as Expected