Fed's Preferred Inflation Gauge Subsides, in Line With Consensus, in February

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Fed's Preferred Inflation Gauge Subsides, in Line With Consensus, in February

Seeking Alpha03-29

Core PCE Price Index rose 0.3% M/M in February, in line with the +0.3% consensus and slowing from 0.5% in January, which was revised from +0.4%. The Federal Reserve favors the core PCE index as a ...

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The Federal Reserve favors the core PCE index as a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4085286-feds-preferred-inflation-gauge-subsides-in-line-with-consensus-in-february\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Preferred Inflation Gauge Subsides, in Line With Consensus, in February</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Preferred Inflation Gauge Subsides, in Line With Consensus, in February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-29 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4085286-feds-preferred-inflation-gauge-subsides-in-line-with-consensus-in-february><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Core PCE Price Index rose 0.3% M/M in February, in line with the +0.3% consensus and slowing from 0.5% in January, which was revised from +0.4%. The Federal Reserve favors the core PCE index as a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4085286-feds-preferred-inflation-gauge-subsides-in-line-with-consensus-in-february\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://seekingalpha.com/news/4085286-feds-preferred-inflation-gauge-subsides-in-line-with-consensus-in-february","article_id":"1141728989","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141728989","pubTimestamp":1711715400,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Core PCE Price Index rose 0.3% M/M in February, in line with the +0.3% consensus and slowing from 0.5% in January, which was revised from +0.4%. The Federal Reserve favors the core PCE index as a gaug","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"美联储首选的通胀指标在2月份下降，与共识一致","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":1.1,".IXIC":1.1,".SPX":1.1},"content_text":"Core PCE Price Index rose 0.3% M/M in February, in line with the +0.3% consensus and slowing from 0.5% in January, which was revised from +0.4%. The Federal Reserve favors the core PCE index as a gauge for underlying inflation trends because it strips out the volatile food and energy categories.On a year-over-year basis, core PCE increased 2.8% Y/Y, compared with the +2.8% consensus and +2.9% prior (revised from 2.8%).The February PCE numbers appear to provide the Fed with \"more evidence\" that it's continuing to make progress in its mission to bring inflation down to 2%.The print \"is well within what a forward looking central banker would consider tolerable and on way to the 2% target,\" said RSM US Chief Economist Joseph Brusuelas in post on X. \"In my estimation this is consistent with a June rate cut and three overall reductions in the federal funds policy rate this year.\"\"The market will continue to look for three eases for a total of 75 basis points over the remainder of calendar 2024 — but — continued progress on inflation will also be necessary to ensure that is the case,\" said Karen Manna, portfolio manager at Federated Hermes in response to the PCE report.There will be another CPI and another PCE report, as well as the March nonfarm payroll report, before the Fed's Federal Open Market Committee meets on April 30-May 1 for its next policy decision meeting.Traders are increasing bets that the first rate cut will occur in June, with the probability of a 25-basis-point rate cut increasing to 61.0%, compared with a 55.2% a day earlier, according to the CME FedWatch tool.Including food and energy prices, the PCE Price Index grew 0.3% M/M, less than the +0.4% expected and slowing from +0.4% in January (revised from +0.3%).Prices for goods rose by 0.5%, bolstered by energy prices, and prices for services rose 0.3%. Food prices edged up 0.1%, while energy prices jumped 2.3% during the month.2.5% Y/Y vs. +2.5% expected and +2.4% prior.Personal income increased less than expected, up 0.3% M/M vs. +0.4% expected and +1.0% prior, the U.S. Commerce Department said on Friday.Personal outlays climbed 0.8% M/M, exceeding the +0.5% expected and accelerating from +0.2% in January.Real disposable income, which is adjusted for inflation, declined 0.1% M/M in February, while real personal consumption expenditures increased 0.4%.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}