PCE data, a key inflation indicator in the USA, has been released.

The Personal Consumption Expenditures Price Index (PCE), a key indicator of inflation in the United States, showed a steady trend in February. The report published by the Bureau of Economic Analysis (BEA) was closely monitored by both economists and consumers. According to BEA data, the PCE rose by 2.5% year-on-year in February, aligning with market expectations for a similar increase in January. This yearly rise provides insights into price stability and highlights the extent to which consumers are affected by rising costs.

In February, the PCE index increased by 0.3% month-on-month, consistent with economists' expectations. The core PCE, which excludes energy and food price fluctuations, rose 0.4% compared to the previous month and 2.8% year-on-year, indicating persistent price pressures in specific economic sectors. While personal spending showed a lesser-than-expected increase of 0.4%, personal income exceeded expectations with a 0.8% rise, suggesting positive implications for consumer spending power.