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The Commerce Department on Friday will release the February reading of the private consumer spending price index, which the Federal Reserve considers crucial measure of inflation.
CNBC will broadcast a special program starting at 8:15 a.m. EST, which shall be available to observe exclusively here. PCE data shall be released at 8:30 a.m. EST.
CNBC will analyze these numbers and what they mean for markets on Monday. Financial markets within the US are closed on Friday resulting from Good Friday.
Excluding food and energy, the Dow Jones consensus showed the core index was expected to rise 0.3% in February and a pair of.8% from a yr earlier, following gains of 0.4% and a pair of.8%, respectively, in January. For the headline figure, the corresponding estimates are 0.4% and a pair of.5% in comparison with 0.3% and a pair of.4%.
While the Fed considers each numbers, it considers the underlying data to be a more reliable indicator of long-term inflation trends.
In addition to the PCE data, the department will release data on personal income and consumer spending. They are expected to point out increases of 0.4% and 0.5%, respectively.
The Fed is keeping rates of interest regular and maintaining three cuts that can happen this yr
Now comes the toughest part for the Fed to realize its goal of bringing inflation right down to 2%.
Long-term inflation expectations are rising, which could spell potential trouble for the Fed, the survey shows
