Friday, 29 March 2024—PRINTED OFF 3/29/24—NEWSMAX- 2024 Thomson/Reuters.
U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table. The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said Friday. Data for January was revised higher to show the PCE price index climbing 0.4% instead of 0.3% as previously reported. In the 12 months through February, PCE inflation advanced 2.5% after increasing 2.4% in January. Economists polled by Reuters had forecast the PCE price index gaining 0.4% on the month and rising 2.5% year-on-year. Price pressures are subsiding, though the pace has slowed from the first half of last year. Fed officials last week left the U.S. central bank's policy rate unchanged in the current 5.25%-5.50% range, having raised it by 525 basis points since March 2022.
Policymakers anticipate three rate cuts this year. Financial markets expect the first rate reduction in June. Fed Governor Christopher Waller said on Wednesday, "there is no rush to cut the policy rate" right now, but he did not rule out trimming borrowing costs later in the year. Excluding the volatile food and energy components, the PCE price index increased 0.3% last month. That followed an upwardly revised 0.5% gain in January. The so-called core PCE price index was previously reported to have advanced 0.4% in January. Core inflation increased 2.8% year-on-year in February after rising 2.9% in January. The Fed tracks the PCE price measures for its 2% inflation target. Monthly inflation readings of 0.2% over time are necessary to bring inflation back to target. PCE services inflation excluding energy and housing gained 0.2% last month after surging 0.7% in January. Policymakers are monitoring the so-called super core inflation to gauge their progress in fighting inflation.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.8% last month after increasing 0.2% in January, the report also showed.

Oct 7th massacre started by Hamas

How fast we forget that Hamas slaughtered 1,200 innocent men, women, children and babies and took over 200 people hostage

How fast we forget that Hamas is hiding among civilians..

How fast we forget that Hamas promised to repeat Oct 7th over and over until Israel is erased from the face of the Earth..

How fast we forget that majority of Palestinians were and still are supporting what Hamas did on Oct 7th

So I suggest Democrats and whoever is against what Israel is doing to protect itself from Hamas and Jihad stay out of Israel's business...including next President Donald Trump..