US opens lower as PCE inflation keeps steady

Inflation Heats Up For Third Consecutive Month, Casting Shadow On Fed's Earlier Cuts

Inflation continued its steady rise in February, the latest indication that the Federal Reserve's efforts to restore price stability have faltered. The

US opens lower as PCE inflation keeps steady

Wall Street started Friday's session lower after the February personal consumption expenditures (PCE) price index stayed unchanged at 2.5% on a yearly basis. Meanwhile, core PCE inflation came in high...