March PCE inflation rises 3.5% and keeps the Fed on hold
Core PCE climbed 0.3% on the month and 3.2% year over year, the Fed’s key policy gauge.
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Inflation
U.S. PCE inflation rises 0.7% in March as gasoline prices jump
The Fed’s preferred inflation gauge rose 0.7% in March and 3.5% from a year earlier, the biggest annual gain in nearly three years.
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March PCE inflation rises 0.7% as core measure holds at 3.2%
Core PCE held at 3.2% year over year and rose 0.3% in March, leaving inflation far above the Fed's 2% target.
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March PCE inflation rises 0.7% as Fed stays on hold
PCE rose 0.7% in March and 3.5% from a year earlier, the hottest annual reading since mid-2023.
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Gasoline Jump Pushes March PCE to 3.5% and Clouds Fed Rate Cuts
Gasoline prices jumped 24.1% in March, and Reuters said the Iran war, not broad inflation, drove much of the rise.
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Gas shock drives U.S. consumer sentiment to record low
U.S. consumer sentiment hit a record low in April as Iran-driven gas prices pushed the University of Michigan index to 49.8.
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Michigan sentiment sinks to record on higher inflation expectations
U.S. consumer sentiment sank to a record 49.8 in April as year-ahead inflation expectations rose to 4.7%, with gasoline and diesel prices driving the slump.
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War-driven costs push U.S. output prices to near four-year high
S&P Global’s April flash composite PMI rose to 52.0, but output prices hit a near four-year high and supplier delays worsened as war-driven cost pressures built.
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Gasoline jump drives March inflation to 3.3%
March CPI rose 0.9% from February and 3.3% from a year earlier as the Iran war pushed gasoline and other fuel costs higher.
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Gasoline spike lifts March inflation to 3.3% amid Iran war
March CPI rose 0.9% as gasoline prices jumped 21.2%, the biggest monthly gain since 1967, adding pressure to household budgets and other prices.
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Core PCE inflation stays at 3.0% ahead of March price jump
February’s PCE inflation rose 0.4% on the month and 2.8% year over year, keeping the Fed under pressure as rate cuts move farther away.
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