
Flat Core PCE, Rising Spending: Is the Fed Done Hiking Rates This Cycle?
Core inflation stabilizes, actual income increases The PCE Price Index was flat for March, in which the core PCE (except food and energy) was also unchanged in the month. On a year-on-year basis, the headline PCE increased by 2.3%, while the core PCE ticks 2.6%. It marks a stagnation under recent inflation pressures and aligns…