Name: US inflation increases moderately in February; consumer spending surges
Uploaded: 2024-03-29T09:16:45-04:00
Duration: 5 min
Description: WASHINGTON (Reuters) – U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table. The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data for January […]

Tag: moderately

US inflation increases moderately in February; consumer spending surges

WASHINGTON (Reuters) – U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table. The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data for January […]

U.S. pending home sales increase moderately, NAR says

By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]