The Fed’s Main measure of inflation, Personal Consumption Expenditures (PCE), showed that inflation rose 0.3% in February, which was a little lighter than estimates of 0.4%. The index declined from 5.3% to 5%, also 0.1% better than market estimates.

Core rate, which strips out food and energy prices, also rose 0.3% last month and is a decrease from 4.7% to 4.6% Y/Y, which was 0.1% lower than forecasts.

Rates continue to drop if not as fast as we hope, still going the right direction.

It’s Friday, the weekend is ahead of us and I am here to help. Have a great rest of your day.