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PCE Inflation Report: What February Core, Headline Numbers Mean for Fed Rate Cuts Barron'sInflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows CNBCUS PCE inflation picks up in February; consumer spending solid ReutersInflation is expected to rise — and Iran war costs could linger for months despite the ceasefire Business Insider
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Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation.
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Some policymakers saw a "strong case" for a hike — but they were in the minority.
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Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
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The Iran cease-fire may be the ‘green light' the Fed needs.
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