Inflation gauge favored by Fed showed prices ticked higher in February
1. PCE index rose 0.3% monthly, 2.5% annually, exceeding Fed's target. 2. Core PCE rose 0.4% monthly, slightly above initial estimates. 3. Wage growth increased to 0.4% in February, up from 0.2% in January. 4. Personal savings rate increased to 4.6%, showing rising consumer caution. 5. Prices for services grew by 1%, indicating ongoing inflation pressures.