The Federal Reserve’s preferred gauge of inflation came in right at economist expectations this morning. Price increases remain stubborn but far below last year’s figures.
The personal consumption expenditures index excluding food and energy grew by 2.8% annually in February, according to data released from the Commerce Department this morning.
But Fed Chair Jay Powell, speaking on stage in San Francisco this morning, continued to stress calm and confidence.
Presented by Cencora
From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more
Presented by Cencora
From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more
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