PCE inflation report: Key measure ticks higher for first time since

What is the core PCE rate today?

A measure of “core” prices that strips out volatile food and energy items and that the Fed tracks even more closely also rose 0.3% on a monthly basis, down from 0.5% in January but at a faster pace than in late 2023. That nudged down the annual increase to 2.8% from 2.9%, still above the Fed’s 2% goal.

The easing in core price gains is a positive and should help bolster the Fed's confidence that the surge in that measure in January was a blip, says economist Paul Ashworth of Capital Economics

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