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Dave Jones
Apr 01, 2023 7:33AM ET
I'm not sure about any of that.
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U.S. PCE price inflation slowed in February, core rate equaled 15-month low
Published Mar 31, 2023 08:30AM ET
Updated Mar 31, 2023 08:39AM ET
© Reuters
By Geoffrey Smith
Investing.com -- Consumer prices rose less than expected in February, the latest monthly update of the Federal Reserve's preferred measure of inflation showed.
The price index for core personal consumption expenditures rose only 0.3% on the month, less than the 0.4% expected, and a slowdown from a downwardly-revised 0.5% increase in January.
The annual rise in core PCE prices edged down to 4.6% from 4.7% as a result, matching the lowest it has been since the end of 2021.
The numbers may go some way to persuading the Fed that it no longer needs big interest rate hikes to keep inflation in check. Headline core PCE inflation has been on a downward trend for a full year now, but is proving to be more stubborn than the Fed had expected while the U.S. was still suffering from pandemic-related disruption.
Other data released at the same time showed household spending and income also rising roughly in line with expectations, at a modest 0.2% and 0.3% on the month, respectively. The Bureau of Economic Analysis said that strong increases in spending on housing, health care and gasoline were offset by sharply declining outlays on motor vehicles and accessories, as the used car market continued its reversion to pre-pandemic norms.
The personal savings rate ticked up to 4.6% from 4.4%.
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Comments (16)
Maximus Maximus
Mar 31, 2023 10:37AM ET
lol, a lot of butthurt here today.. what? no skyrocketing inflation? collapse of the banking-system? nor the end of the world? as the doomsayers in here have been preaching and predicting for well over a year now...
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gary leibowitz
Mar 31, 2023 10:00AM ET
Dreamers, all dreamers. First we had a Pandemic that the street ignored for 5 weeks. INSDANE considering we knew exactly what it would do and how the economy would react. Then after a 40 year disinflation period we insisted the helicopter money from the Pandemic was only transitory inflation. Then we had a whopping 4.5% FED FUNDS and everything fell apart? really? I PREDICTED the 40 years of disinflation was going to create a mindset that bet the same way and not 2 weeks after a trillion dollar mistake and counting. So no this market is not in a soft landing. Watch the other nation that came out of lockdown only a few months ago.
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Brad Albright
Mar 31, 2023 10:00AM ET
The data or your fever? Hard to know which is more accurate.
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jason xx
Mar 31, 2023 10:00AM ET
Take a chill pill we all lose sometimes
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Brad Albright
Mar 31, 2023 9:33AM ET
Sure doesn't look like stagflation. We are not on the tarmac yet, but these data are consistent with a soft landing scenario. The Fed might just pull it off successfully.
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Mike Sim
Mar 31, 2023 9:33AM ET
Go to the hospital crazy
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Maximus Maximus
Mar 31, 2023 9:33AM ET
mike, or is it mitch..? anyway, I don't think you're qualified to hand out mental health diagnoses, considering the schizophrenia you're acting out in here on a daily basis..
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Prashant Kumar
Mar 31, 2023 9:17AM ET
good growth. gdp good. good employment number. low inflation. no rate hike. dow will go 35000 now. cheers
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hd tv
Mar 31, 2023 9:17AM ET
Low inflation, Where did you get that idea from? Good growth consumption which is the biggest driver of growth was the lowest it been snice 09(outside of covid lock downs) and negative last month turth is the economy is clearly slowing the question is just much far it'll go? That's not to mention corporate profits also fell last quarter fuuny that isn't it as inflation slows corporate profits start to fall yet everyone wonders why inflation come from?
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Adamo Nals
Mar 31, 2023 9:05AM ET
Oh. I forgot. We erased all the work with QT. And back to 9 Trillion on the books. Way to go fed. This is arthur burns all over again. I bet none of you know who he is or ever heard of him. Do your due diligence.Amd read about 1970-1980 hyperinflation with only 1 inflationary pressure. Not 1000. Market is a joke of a bubble, amd ive been trading for 40 years. Worst mirage bubble ive ever seen in my professional career
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taylor jason
Mar 31, 2023 9:05AM ET
only Arthur burns if fed caves and pivots before cpi index drops. Inflaiton rate is dropping but cpi index is still at a high, meaning inflaiton is still sticky.
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Casador Del Oso
Mar 31, 2023 9:04AM ET
So funny. Prices still rising only not as fast ever so slightly.
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Junie Elizabeth
Mar 31, 2023 9:04AM ET
yes, that is how inflation cools. just like how it rose in the first place. it doesn't go down to -5% in order to erase the +5% from a year ago...
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Thanos theBear
Mar 31, 2023 9:04AM ET
still rising after inflation diarrhea all over the place. still going up. needs a negative percentage for once...
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Angus Malarkey
Mar 31, 2023 9:04AM ET
This metric is the least accurate method of measuring inflation, which explains why it's their favorite.
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Brad Albright
Mar 31, 2023 9:04AM ET
Enlighten us, what is the most accurate?
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Jurgen Daub
Mar 31, 2023 9:04AM ET
the most accurate is the one you believe in. thats why at the end everybody is right
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Brad Albright
Mar 31, 2023 9:04AM ET
Jurgen Daub Facts are not beliefs.
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jason xx
Mar 31, 2023 9:02AM ET
People in here are so so s. t. u. p. i. d. The feds own projections show inflation returning to 2% in 2025 yet you think it is not enough for one month lol
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Adamo Nals
Mar 31, 2023 9:02AM ET
Whats more stupid is you believing the fed. Its supposed to be DATA DEPENDENT. AND DATA SHOWS FED SHOULD AT A MINIMUM RAISE INTEREST RATES ABOVE THE INFLATION RATE. ECON 101. Ya ever heatd of arthur burns. Well we got arthur burns part 2. The big pop is millimeter’s away
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Junie Elizabeth
Mar 31, 2023 9:02AM ET
inflation will be under 5% in less than a month, if not already. this data is old. March is already showing less than 5% infl so guess what the rates are actually in line
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Prashant Kumar
Mar 31, 2023 9:02AM ET
correct. dow will reach at 35000 in this months. all numbers giving support
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Mike Sim
Mar 31, 2023 9:02AM ET
Yeah and inflation is “transitory”…
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Adamo Nals
Mar 31, 2023 9:02AM ET
For all you youngsters. Econ 101. You raise interest rates anove the inflation rate. Untill the fed has the bravery to do that… we will be stuck in 3X the 2% fed mandated level. It’s simple. S&p. $200 a share times 15X =3000. We are at least 1000 points overvalued in the market especially the s&p and nasdaq. Just watch when april 1 hits. Take your profits NOW. BEFORE YA LOOSE IT ALL. SIMPLE MATH KIDS
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Brad Albright
Mar 31, 2023 9:02AM ET
We are already below 3Xs the 2% target, so your scolding doesn't line up with the data. Where did you take Econ 101?
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