Inflation stayed stubbornly high heading into the Iran war, Fed’s preferred gauge shows | Metals Mine

  • Inflation stayed stubbornly high heading into the Iran war, Fed’s preferred gauge shows

    From msn.com

    Americans kept spending in February — but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher. Consumer spending rose 0.5% in February, up from a 0.3% increase in January, according to a shutdown-delayed report released Thursday by the Commerce Department. But when taking elevated inflation into account, spending rose just 0.1% from January, when it was flat. Thursday’s report also showed that inflation remained stubbornly higher than typical: The Personal Consumption Expenditures price index – the inflation gauge the Federal Reserve ... (full story)

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