A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge climbed 2.5 percent in the year through February, in line with economists’ expectations.
![A Key Inflation Gauge Hovers Above Fed’s Target](https://static01.nyt.com/images/2024/03/29/multimedia/29dc-pce-wlbm/29dc-pce-wlbm-mediumSquareAt3X.jpg?#)
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