Fed’s Preferred Inflation Gauge Rises, Fueled by Higher Energy Costs

The Federal Reserve’s desired inflation measurement increased, raising questions in general about whether the pace of the fight against inflation has stagnated or may indicate that a new wave of price pressures might occur.
In February, the Personal Consumption Expenditures (PCE ) price index rose to 2.5 percent, up from 2.4 percent in January, according to the Bureau of Economic Analysis ( BEA ). This was in line with business expectations. On a monthly basis, the PCE jumped 0.4 percentage, over from an upward revised 0.4 percentage.
Rising energy costs lifted the title reading, climbing 2.3 percentage.
Fuel prices have been on a downward trend this season, rising by almost 17 percent in the first three months of 2024. This has resulted in higher fuel costs, surging 16 percent time to time….

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