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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Dallas Fed's trimmed mean PCE inflation rate quickened to 3.63% over the 12 months to February, the biggest gain since 1991.
Officials have cited the measure as one of the best indicators of underlying inflation and it had stayed near 2% throughout the pandemic before surging late last year. Not all the data showed upside risk-- the one-month annualized trimmed mean rate slowed in February to 4.01% from 6.45%.
The Cleveland Fed's median PCE inflation rate released Thursday also showed its month-over-month measure dropping, to 0.44% from 0.54%, while the year-over-year figure increased to 4.18%, the highest since 1991. Official Bureau of Economic Analysis data from the Commerce Department earlier Thursday showed headline PCE inflation rising 6.4% over the year and core PCE rising 5.4%.
Source: Dallas Fed
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.