*U.S. PCE PRICE INFLATION SLOWED IN FEBRUARY, CORE RATE MATCHED 15-MONTH LOW 🇺🇸 🇺🇸
Investing.com -- Consumer prices rose less than expected in February, the latest monthly update of the Federal Reserve's preferred measure of inflation showed.rose only 0.3% on the month, less than the 0.4% expected, and a slowdown from a downwardly-revised 0.5% increase in January.prices edged down to 4.6% from 4.7% as a result, matching the lowest it has been since the end of 2021.
The numbers may go some way to persuading the Fed that it no longer needs big interest rate hikes to keep inflation in check. Headline core PCE inflation has been on a downward trend for a full year now, but is proving to be more stubborn than the Fed had expected while the U.S. was still suffering from pandemic-related disruption.
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