An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
- Inflation has eased, with core prices rising by 0.3% in February, down from the previous month, according to a government report.
- Consumers' incomes increased by 0.3% in February, a decrease from the previous month's gains boosted by government benefits, indicating persisting high prices.
- Expectations are high for a "soft landing" for the economy, with the Federal Reserve likely to cut key rates in the future to lower borrowing costs.
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