US inflation increases moderately in February; consumer spending surges
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US inflation increased moderately in February, with the PCE price index rising by 0.3%. Consumer spending also surged, with personal consumption expenditures (PCE) jumping 0.8% last month. In the 12 months through February, PCE advanced 2.5%. Core inflation increased 2.8% year-on-year in February. The Federal Reserve is monitoring these price measures for its 2% inflation target and anticipates three rate cuts this year. Financial markets expect the first rate reduction in June.

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https://m.economictimes.com/news/international/world-news/us-inflation-increases-moderately-in-february-consumer-spending-surges/articleshow/108880009.cms