AMU
April 5, 2024
CRU aluminum news roundup: Baltimore port incident pushes regional premiums higher
Written by Matthew Abrams
PCE inflation data up 2.5% in February but June Fed rate cut still possible
Personal Consumption Expenditures (PCE) inflation data was released on Friday, March 29, despite the stock market being closed for Good Friday. The year-over-year (y/y) PCE price index rose 2.5% in February, in line with market expectations but up from the 2.4% growth seen in January. The core PCE index, which excludes food and energy prices, rose 2.8% y/y in February, also in line with expectations and slightly down from 2.9% in January.
