This week our attention was directed to Consumer Goods & Materials as The Core PCE Price Index, the Fed’s preferred gauge of inflation, rose by 0.4% (MoM) (Feb), outpacing forecasts. On an annual basis, it increased 2.8%, remaining well above the Fed’s 2% long-term inflation target.
Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.
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