Inflation bellwether
The Commerce Department on Friday delivers its February snapshot of U.S. consumer spending and inflation.
The personal consumption expenditure price index, a gauge of inflation that’s closely monitored by the Fed, rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December. That didn’t stop consumers though, whose spending rose 1.8% in January after falling the two previous months.
The Week In Financial Markets
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2023-03-26T07:00:00.0000000Z
2023-03-26T07:00:00.0000000Z
https://edition.nwaonline.com/article/284309664115091
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