Inflation posts biggest rise in four months, PCE shows. Tariffs may be filtering into prices. - MarketWatch
1. PCE index rose 0.3%, sparking inflation concerns for the Fed. 2. 12-month inflation climbed to 2.6%, moving further from the Fed's 2% goal. 3. Fed officials await clearer economic impacts before considering interest rate cuts. 4. Two Fed governors dissented, favoring a rate cut for the first time since 1993. 5. DJIA fell slightly amid inflation news while S&P 500 showed gains.