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The Commerce Department will release on Friday the February reading for the consumer spending price index, which the Federal Reserve considers its main measure of inflation.
CNBC TV will offer special coverage starting at 8:15 a.m. ET, which you can only watch here. PCE data will be released at 8:30 a.m. ET.
CNBC will analyze the numbers and what they mean for markets on Monday. US financial markets are closed on Friday for Good Friday.
Excluding food and energy, the core index is expected to rise 0.3% in February and 2.8% year-on-year, after rising 0.4% and 2.8%, respectively, in January, according to the Dow Jones consensus estimate. For the main figure, the respective estimates are 0.4% and 2.5%, compared to 0.3% and 2.4%.
While the Fed considers both numbers, it considers the core inflation rate to be a more reliable indicator of longer-term inflation trends.
Along with the PCE figures, the ministry will release personal income and consumer spending figures. An increase of 0.4% and 0.5% respectively is expected.
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2024-03-29 12:17:28
www.cnbc.com
