US PCE Price Index MoM (Mar) M/M 0.7% (Prev. 0.4%)
Context
The US PCE Price Index for March came in at 0.7% month-over-month, which is notably higher than the previous month's 0.4%. This increase may raise concerns about inflation persistence, potentially complicating the Fed's policy decisions moving forward, especially as it could influence interest rate expectations and assess the growth-inflation balance.
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