Input Stories
Inflation Stayed Elevated in March
Inflation, as measured by the Federal Reserve’s preferred gauge, remained elevated last month ().
What’s going on: “The Personal Consumption Expenditures price index … accelerated to 2.7% for the year ended in March. … That rate was above economists’ expectations for a 2.6% gain and landed above February’s reading of 2.5%.”
- Prices increased 0.3% on a monthly basis, the same pace as in February.
Core PCE: So-called “core” PCE, which excludes often-volatile food and energy prices, remained steady at 2.8%.
Spending: Consumer spending stayed strong in March, rising 0.8% from February and exceeding economists’ expectations.