US PCE inflation rose to 6.4% yoy, core PCE rose to 5.4% yoy

[PocketOption]

US PCE inflation rose to 6.4% yoy, core PCE rose to 5.4% yoy

US personal income rose 0.5% mom or USD 101.5B in February, matched expectations. Spending rose 0.2% or USD 34.9B, below expectation of 0.6% mom. The PCE price index for February increased 6.4% yoy, up from January’s 6.0% yoy, but missed expectation of 6.7% yoy. The increase reflected rise in both goods and services. Excluding food […]

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Source: US PCE inflation rose to 6.4% yoy, core PCE rose to 5.4% yoy