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Author: mechinv ✶  😊 😞
Number: of 1024 
Subject: Lowest core inflation number in 3 years
Date: 02/29/2024 10:51 AM
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January PCE inflation, the Fed's preferred inflation measure, falls to 2.4%, in-line with expectations of 2.4%.

Core PCE inflation fell to 2.8%, in-line with expectations of 2.8%.

This is the lowest Core PCE inflation number since April 2021, and keeps a June rate cut on the table.

Stocks are rising on the news.

https://finance.yahoo.com/news/feds-preferred-infl...
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