US February Core PCE Rises 3.0% From a Year Earlier, Matching Estimates
JOON HYOUNG LEE
Summary
- The U.S. said its February core PCE index rose 3.0%% from a year earlier, matching market expectations.
- The core PCE index also rose 0.4%% from the previous month, in line with market expectations.
- The core PCE index is a key indicator the Federal Reserve watches before making policy decisions, including interest-rate decisions.
Forecast Trend Report by Period
U.S. core personal consumption expenditures prices matched market expectations in February.
The Commerce Department’s Bureau of Economic Analysis said April 9 that the core PCE price index rose 3.0% in February from a year earlier, matching economists’ forecasts compiled by Dow Jones.
From the previous month, the index increased 0.4%, also in line with market expectations.
The core PCE index measures prices paid by U.S. consumers for goods and services excluding food and energy. It is a key gauge the Federal Reserve monitors when weighing policy decisions, including interest rates.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
