Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%

In February, The Federal Reserve’s core personal consumption expenditures price index rose by 0.4%, the largest increase since January 2024, putting the 12-month inflation rate at 2.8%, above economists’ expectations. Additionally, consumer spending increased by 0.4%, lower than projected, with personal income rising by 0.8%. These numbers had a brief negative impact on stock market futures and Treasury yields, as uncertainty surrounding tariffs and inflation persists.

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