Powell: Expects February PCE Inflation to be 2.8%, Core PCE to be 3.0%

BlockBeats News, March 19, Federal Reserve Chairman Powell: Expects February PCE inflation to be 2.8%, core PCE to be 3.0%. Recent inflation expectations have risen, and the longer-term indicator for inflation expectations is consistent with the 2% target. Last year's rate cuts brought the interest rate level close to a reasonable estimate of the neutral rate, and it is now judged to be too early to assess the range and duration of the economic impact. Rising energy prices will push up overall inflation.