Nick Timiraos: PCE inflation in March reached highest level since May 2023

Nick Timiraos: PCE inflation in March reached highest level since May 2023
PCE inflation hits May 2023 high

Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that PCE inflation stood at 3.5% in March, marking the highest reading since May 2023.

Core PCE inflation was recorded at 3.2%, its highest since November 2023, a period when the Federal Reserve maintained a policy bias toward further rate increases.

Earlier this year, Nick Timiraos reported that Kevin Warsh told the Senate that Fed independence is largely determined by the Federal Reserve itself and that inflation control remains its core responsibility, according to a prior hearing. Warsh has also advocated for broad reforms at the Fed, including improvements to economic analysis and public communication, as detailed in recent coverage. These developments follow ongoing scrutiny of the central bank’s policy approach.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.