Fed Rate Meeting March 2024. The core rate, which excludes food and energy, also rose 0.2%, increasing 2.6% on an annual basis. More importantly, the annualized increase in the pce over the.
At the same time, the personal consumption expenditures price index, the fed’s key measure in determining inflation pressures, moved up to 2.7% in march when. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.