The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.4% from the prior month during February, above economists expectations for a 0.3% increase. The reading was higher than the 0.3% increase seen in January.
Over the prior year, core prices rose 2.8%, above Wall Street's expectations of 2.7% and higher than the 2.6% seen in January. On a yearly basis, overall PCE increased 2.5%, in line with economists expectations. "We expect tariffs to slow real spending growth and push up prices in the coming months," Oxford deputy chief US economist Michael Pearce wrote in a note to clients on Friday. "We think that combination will keep the Fed on extended pause, especially with inflation expectations showing increasing signs of becoming unanchored." Thanks, Donald ![]() |
Yeah. All the first quarter numbers are going to start to roll in and it’s not going to be pretty. Just because a bunch of guys can’t get laid. |
And the markets are tanking some more today. “But the economy..”
Stock Market Today: Dow drops more than 700 points after inflation, consumer-sentiment reports; S&P 500, Nasdaq head for weekly losses ahead of reciprocal tariffs U.S. stocks falling sharply Friday as investors worried about inflation and the consumer following the latest PCE inflation data and braced for reciprocal tariffs next week. |
Won’t be long before they start cooking the books. Surprised they aren’t doing it already |
They didn't close those offices quickly enough. the next quarter will reflect the reality the administration will want to project. |
amazing how the market tanks when trump is presidnet |
Too many books to cook. When people compare their 4Q24 nest eggs with their 1Q25 nest eggs, it’ll be quite noticeable that Trump has not improved Americans’ financial welfare. |
S&P down another 2 percent today. Trump is a total disaster for the economy |
A recession is patriotic, doncha know. |
I've had the same thought. Very surprised. |
Yes! Our cafeteria at work no longer has eggs. |
Amazing how the stock market tanks every time Trump mentions his signature economic policy. |