PCE - Fed's preferred inflation gauge, continues YoY decline as expected:
Headline PCE inflation rises +2.4% YoY (< previous 2.6%).
Core PCE inflation (core PCE) rises +2.8% YoY (< previous 2.9%).
MARKET DAILY
Market 02/29: PCE reinforces confidence in rate cut timing
Initial jobless claims rose the most in a month. Pending home sales fell sharply.
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