Markets Tumble as Fed’s Favorite Inflation Gauge Spikes; Bitcoin Slides, Stocks Dump

The U.S. Federal Reserve’s preferred ostentation measurement elevated sharply successful February, with the halfway idiosyncratic depletion expenditures terms scale climbing 0.4%—the largest monthly spike since January 2024—while user spending maturation fell abbreviated of expectations, the Commerce Department reported Friday. Fed’s Inflation Fight Faces Setback With Surging PCE Data The halfway PCE terms index, which excludes […]