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

The U.S. Federal Reserve’s preferred inflation measure elevated sharply in February, with the core personal consumption expenditures price index climbing 0.4%—the largest monthly spike since January 2024—while consumer spending growth fell short of expectations, the Commerce Department reported Friday. Fed’s Inflation Fight Faces Setback With Surging PCE Data The core PCE price index, which excludes […]