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Core inflation was 3% in February, as expected, key Fed gauge shows
Core inflation held steady at 3.0% year over year, keeping pressure on Federal Reserve policymakers as they weigh future rate moves.
- The Core PCE price index—the Federal Reserve’s preferred inflation metric—rose 3.0% on a year-over-year basis in February. This matched economist expectations and represented a slight cooling from January’s 3.1% reading.
- On a month-to-month basis, core prices increased by 0.4%, a figure that reflects persistent service-sector inflation. This monthly pace is still considered "too fast" for the Fed to feel comfortable declaring a final victory over inflation in the first half of the year.
- The headline PCE index, which includes volatile food and energy costs, rose 2.8% annually. While this is lower than the core rate, it was slightly higher than the 2.6% forecast, driven largely by a late-winter rebound in gasoline and natural gas prices.
- Market analysts suggest these numbers likely cement the Fed's "wait-and-see" approach for the upcoming May meeting. With core inflation holding at 3.0%, the central bank is expected to delay any potential interest rate cuts until they see further evidence that the 2% target is within reach.
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On an annual basis, the U.S. consumer consumption expenditures price index rose 2.8% in February.
·Brazil
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US PCE inflation picks up in February; consumer spending solid
U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a... -April 09, 2026 at 08:48 am EDT MarketScreener
Associated Press News+11 Reposted by 11 other sources
Key inflation gauge remains elevated in February before Iran war
A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began.
·United States
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Coverage Details
Total News Sources40
Leaning Left7Leaning Right6Center18Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 23%
C 58%
R 19%
Factuality
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