Inflation Gauge

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In March, the Fed's preferred inflation gauge showed elevated price pressures, exceeding expectations. This led to a rise in US equity indexes, with tech earnings and the report on inflation influencing market movements. The persistent inflation trend raised concerns about potential interest rate adjustments.

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In March 2024, the Federal Reserve's preferred inflation gauge, known as the Personal Consumption Expenditures (PCE) index, showed that price pressures remained elevated. The PCE index, a key measure of inflation, increased by 2.8% from the previous month, exceeding expectations and indicating persistent inflationary trends. This rise in inflation was higher than anticipated, leading to concerns about the impact on the economy and potential adjustments in monetary policy by the Federal Reserve. The data reinforced Federal Reserve Chair Jerome Powell's recent shift towards a "high-for-longer" stance on inflation, signaling a willingness to tolerate elevated levels for an extended period [1][2][3][4][5].

The unexpected surge in the PCE index raised worries among investors and economists, as it indicated that inflationary pressures were stronger than previously estimated. Stock markets reacted to the news, with some stocks rising as a result of the signals pointing towards sustained high inflation [6][7][8]. The persistently high inflation levels in March prompted discussions about the potential need for interest rate adjustments by the Federal Reserve to curb inflation [9][10].

Amidst the concerning inflation data, Microsoft made headlines for expanding its AI empire abroad, showcasing the company's continued growth and influence in the technology sector [27][28][29]. While the economic landscape faced challenges due to inflationary pressures, consumer confidence showed signs of recovery, reflecting improvements in living standards [30]. Gold prices, on the other hand, experienced fluctuations as US Treasury yields rose following the release of economic data, underlining the interconnectedness of various factors influencing financial markets [31].

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Virality Score 2.8

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Thread Age 13 days

Number of Articles 38

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Recent Coverage

Fed’s preferred inflation gauge shows price pressures remain elevated

businessinquirernet - 13 days ago - WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon

US Equity Indexes Advance This Week as Fed's Preferred Measure of Inflation Meets Expectations

marketscreenercom - 13 days ago - -- US equity indexes rose this week amid a flood of quarterly earnings and as the Federal Reserve's preferred measure of inflation in March met market expectations. * The Dow Jones Industrial Average...

More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March

inccom - 13 days ago - The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.

Equity Markets Rise Intraday Amid Alphabet, Microsoft Gains

marketscreenercom - 13 days ago - -- US benchmark equity indexes were higher intraday amid a post-earnings rally in the stocks of Alphabet and Microsoft , while a report showed that the Federal Reserve's preferred inflation measure...

Fed’s favorite inflation gauge accelerated in March, spelling trouble for rate cuts—and Biden’s re-election bid

Fortune - 13 days ago - Measured by the PCE index, prices were up 2.7% year-over-year in March, up from a 2.5% annual rise in February.

US Equity Indexes Rise, Treasury Yields Drop as Fed's Preferred Inflation Measure in Line With Expectations

marketscreenercom - 13 days ago - -- US equity indexes rose after the Federal Reserve's preferred measure of inflation in March met market expectations and as quarterly earnings from technology heavyweights lifted investor...

Inflation Data Reinforce Powell's Shift Toward High for Longer

businessfinancialpostcom - 13 days ago - Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.

The Federal Reserve's Preferred Measure Of Inflation Heated Up In March

Investopedia - 13 days ago - A government report confirmed what people have already seen on their trips to the gas station and grocery store: inflation is staying too high for comfort.

Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March

businessfinancialpostcom - 13 days ago - The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are…

Fed's preferred inflation gauge surges higher

WND - 13 days ago - The Federal Reserve’s preferred inflation gauge measured above expectations in March as the U.S. continues to see a surge in prices, among other concerning economic data, according to data from the Bureau of Economic Analysis (BEA) released Friday.

PCE Exceeds Expectations As Pesky Inflation Persists

International Business Times - 13 days ago - Price pressures remained elevated in March, fresh data from the Commerce Department showed Friday, as the personal consumption expenditures (PCE) price index exceeded forecasts.

Tech Powers Stocks as Traders Look Beyond Data: Markets Wrap

businessfinancialpostcom - 13 days ago - Wall Street traders fearing another ultra-hot inflation report got a degree of relief after the Federal Reserve’s favored price gauge came roughly in line with…

Fed’s preferred inflation gauge rose a brisk 2.8% in March in yet another setback for rate cuts

NY Post - 13 days ago - The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consu…

Inflation Worse Than Expected In March, Fed’s Preferred Metric Shows

Forbes - 13 days ago - Interest rate cuts are probably not on the menu for the first half of 2024 as inflation proves stubborn.

Federal Reserve's preferred inflation gauge shows price pressures stayed high in March

Boston Globe - 13 days ago - A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon.

US Economy News Today: Fed's Preferred Inflation Measure Shows Stubborn Inflation Increasing

Investopedia - 13 days ago - Today, the Federal Reserve's preferred measure of inflation showed inflation remained stubbornly high, with the annual tally up from last month.

Inflation rose to 2.7% in March in preferred Fed gauge

Washington Examiner - 13 days ago - Inflation ticked up to 2.7% for the year ending in March, as measured by the PCindex, which is the gauge favored by the Federal Reserve.

Fed's favorite inflation gauge rises faster than expected in March

Fox Business - 13 days ago - The Federal Reserve's favorite measure of tracking inflation jumped 0.3% in March as American families continue to grapple with elevated consumer prices.

Price pressures persist in Fed’s inflation gauge

staradvertiser - 14 days ago - WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.

Report: Inflation Increased Again In March As Consumer Spending Rose

OAN - 14 days ago - According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.

Fed’s Preferred Inflation Gauge Show Prices Rising Sharply

Breitbart News Network - 14 days ago - The PCE index shows that progression on bringing down inflation has stalled.