Fed's favorite inflation gauge eases slightly in February, but prices remain highMarch 31, 2023 at 08:34 AM EDT
The personal consumption expenditures (PCE) index showed that consumer prices rose 0.3% in February, according to a Labor Department report released Friday.
An inflation measure closely watched by the Federal Reserve showed signs of slowing in February, but it still remained abnormally high, according to new data released Friday. The personal consumption expenditures (PCE) index showed that consumer prices rose 0.3% from the previous month and climbed 5% on an annual basis, according to the Bureau of Labor Statistics. This is a developing story. Please check back for updates. 
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