{"id":2230756,"date":"2024-04-26T08:56:02","date_gmt":"2024-04-26T12:56:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-rose-to-2-7-in-march-in-preferred-fed-gauge\/"},"modified":"2024-04-26T08:57:52","modified_gmt":"2024-04-26T12:57:52","slug":"inflation-rose-to-2-7-in-march-in-preferred-fed-gauge","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-rose-to-2-7-in-march-in-preferred-fed-gauge\/","title":{"rendered":"In March, inflation in the preferred Fed gauge reached 2.7%"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-rose-to-2-7-in-march-in-preferred-fed-gauge%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2230756&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The webpage\u200d contains a\u2064 button\u200d for expanding content, signaling more information available. It references a 2.7% inflation increase for the year ending in\u200b March, using the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-declined-to-3-in-june-according-to-key-gauge-watched-by-fed\/\" title=\"June saw a 3% decline in inflation, as reported by the Fed's key gauge.\">personal consumption expenditures\u2062 price index<\/a>, preferred by the Federal Reserve. The data pertains to a rise in headline inflation and directs to further\u2064 details\u200d on the Washington Examiner&#8217;s inflation coverage.\u2062 The page features an expandable content button, hinting at\u2064 additional information. It highlights a 2.7% inflation rise for \u200bthe year ending in March,\u200d utilizing the personal consumption expenditures price index favored by the Federal Reserve. The information relates to\u200c an increase\u2064 in headline inflation and offers additional insights on the Washington Examiner&#8217;s coverage of inflation.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\" target=\"_blank\" rel=\"noreferrer noopener\">Inflation<\/a> ticked up to 2.7% for the year ending in March, as measured by the personal consumption expenditures price index, which is the gauge favored by the Federal Reserve.<\/p>\n<p>The rise in headline inflation reported Friday morning by the Bureau of Economic Analysis is bad news for the Fed, which is working to quash inflation by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trillion-dollar-deficits-explain-why-inflation-keeps-hitting-american-families\/\" title=\"Explaining How Trillion-Dollar Deficits Impact Inflation on American Families\">keeping interest rates elevated<\/a>. The consensus among economists was that\u00a0PCE\u00a0inflation would punch in at 2.6%. The Fed\u2019s target is 2% inflation in the\u00a0PCE\u00a0index.<\/p>\n<p>From February to March, inflation rose 0.3%, about in line with forecast expectations.<\/p>\n<p>Core\u00a0PCE\u00a0inflation, a measure of inflation that strips out volatile energy and food prices,\u00a0rose\u00a0to a 2.8% year-over-year rate.<\/p>\n<p>The news comes a day after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/30-year-mortgage-rate-falls-near-5\/\" title=\"30-Year Mortgage Rate Falls Near 5%\">gross domestic product report<\/a>, which showed that economic expansion fell <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/2978570\/gdp-grew-at-1-6-rate-in-the-first-quarter-lower-than-expected\/\">well short of expectations<\/a> in the first quarter of the year. The economy expanded at a 1.6% seasonally adjusted annual rate in the first quarter, far short of the 2.5% that was expected.<\/p>\n<p>Friday\u2019s PCE index report follows two other inflation reports for March \u2014 the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-braces-for-another-big-inflation-number-this-week\/\" title=\"Fed Braces for Another Big Inflation Number This Week\">closely watched consumer price index<\/a> and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-u-s-producer-price-index-skyrockets-registers-twice-as-high-as-expected-for-april\/\" title=\"BREAKING: U.S. Producer Price Index Skyrockets, Registers Twice As High As Expected For April\">producer price index<\/a>, which measures the prices paid by producers.<\/p>\n<p>The CPI clocked inflation as <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/2959087\/inflation-rose-3-5-march-fed-eyes-pivot\/\">rising to 3.5%<\/a> in March, more than expected, and the PPI rose 0.6 percentage points to 2.1%.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>The biggest question for many economists heading into 2024 was when the Fed will begin cutting rates, something that investors have been hoping will happen soon.<\/p>\n<p>But the hotter-than-wanted inflation reports have pushed back the expected timing, raising the stakes for the election season. The Fed\u2019s interest rate target is now at 5.25% to 5.50%, a level it has been at since July.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March, the personal consumption expenditures price index, favored by the Federal Reserve, showed a 2.7% increase in year-over-year inflation. This uptick, reported by the Bureau of Economic Analysis on Friday, poses a challenge for the Fed striving to control inflation<\/p>\n","protected":false},"author":2683,"featured_media":2230757,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP24023711063510-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2230756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP24023711063510-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2230756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2230756"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2230756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2230757"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2230756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2230756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2230756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}