PCE inflation February 2025:

On Friday, the Ministry of Commerce stated that the major inflation in the Federal Reserve rose more than expected in February, while consumer spending also recorded a smaller increase than expected.

the The basic expenses index for personal consumption An increase of 0.4 % showed this month, putting the inflation rate for 12 months at 2.8 %. Dow Jones economists were looking for self -numbers of 0.3 % and 2.7 %.

Basic inflation excludes food and volatile energy prices and is generally considered a better indication of long -term inflation trends.

On the scale of all items, the price index increased by 0.3 % per month and 2.5 % from last year, whether in line with expectations.

At the same time, the Economic Analysis Office report showed that consumer spending accelerated 0.4 % for this month, less than 0.5 % expectations. This came when personal income increased by 0.8 %, compared to 0.4 % estimate.

Futures decreased in the stock market after the release, as did the treasury.

Federal Reserve officials focus on reading PCE because they consider this a broader procedure that also controls changes in consumer behavior and places the focus on housing less than the consumer price index in the Ministry of Labor.

Correction: Consumer spending increased by 0.4 % in February. Previous address the number erred.

This is urgent news. Please update for updates.

Get your ticket to Pro Live

Join us on the New York Stock Exchange!
Unconfirmed markets? Gain edge with CNBC Pro LiveAn exclusive event, the opening on the historic New York Stock Exchange.

In the dynamic financial scene today, access to expert visions is very important. As a subscriber in CNBC Pro, We invite you To join us for The first exclusive event, CNBC Pro Live at The Iconic Nyse on Thursday, June 12.

Join Proactive clinics led by our positives Carter Worth, and Niles, and Dan Eve, With a special version of Pro conversations with Tom Lee. You will also get an opportunity to communicate with CNBC experts, talents and other subscribers within an exciting cocktail watch on the legendary trading floor. Tickets are limited!