While gasoline prices fell in February from January, and food prices were stable month-to-month after substantial increases in prior months, prices in core services jumped, driven by non-housing services, especially by the ongoing six-month-long red-hot spike in recreational services – the services that consumers want to buy.

U.S. personal income and consumption both rose in February, the Commerce Department said Friday, a reassuring economic signal. But the Fed's preferred metric for core inflation increased farther above the central bank's target.

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans' spending increased after a steep fall last month but remained weak,

The Commerce Department released the February personal consumption expenditures (PCE) index, which showed that inflation remains above the Federal Reserve's 2% goal.

The Federal Reserve's preferred inflation gauge rose by more than expected in February, according to U.S. Bureau of Economic Analysis shared Friday. The monthly Personal Income and Outlays report showed that personal consumption expenditures,

The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in January, the U.S. Commerce Department said on Friday. Economists had forecast the PCE price index gaining 0.