US Inflation Gauge Seen Bolstering Fed Patience on Rates
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The core personal consumption expenditures, which excludes food and energy costs, is seen rising 0.3% in February, following its biggest monthly increase in a year. The inflation gauge is forecast to climb 0.4%, the most since September. These high inflation readings indicate why the Federal Reserve is cautious about cutting interest rates too soon.

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https://www.bloomberg.com/news/articles/2024-03-23/eco-week-ahead-us-nflation-gauge-seen-bolstering-fed-patience