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US Inflation Gauge Seen Bolstering Fed Patience on Rates

(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rate too soon. The core personal consumption expenditures price index, which excludes food and energy costs, is seen rising 0.3% on the heels of its biggest monthly increase in…

US Inflation Gauge Seen Bolstering Fed Patience on Rates

(Bloomberg) The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rates too soon.Most Read from BloombergHarassment and Drugs Plagued a Citigroup Division for YearsRussia Mourns 133 Killed in Deadliest Moscow Attack in DecadesGucci’s China Shock Reverberates Across the Luxury LandscapePutin’s Ukraine Plan at Heart of Response to Moscow AttackHong Kong Reports Its Highest

US Inflation Gauge Seen Bolstering Fed Patience on Rates

US Inflation Gauge Seen Bolstering Fed Patience on Rates

Charting the Global Economy: ECB Holds Rates Steady While US Jobless Rate Rises