US Inflation Gauge Seen Bolstering Fed Patience on Rates
==========
The core personal consumption expenditures, which excludes food and energy costs, is seen rising 0.3% in February, following its biggest monthly increase in a year. The inflation gauge is forecast to climb 0.4%, the most since September. These high inflation readings indicate why the Federal Reserve is cautious about cutting interest rates too soon.
#UsInflation #FederalReserve #InterestRates