US Core Inflation Holds at 3% as Country Enters War With Iran
The Quick Take — AI synthesis of 1 sources covering this story.
- Core PCE inflation held at 3% in February, matching expectations per the Fed’s preferred gauge
- Data released Thursday offers the Fed a pre-war baseline snapshot ahead of the US-Iran conflict
- Sticky inflation limits Fed’s room to cut rates even as geopolitical shock threatens economic growth
- Fed policymakers face a stagflationary dilemma: rising war-driven costs against persistent inflation
- Oil price surge from US-Ira
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