One strategist said certain commodities “will go way higher than most people will be willing to believe.”
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Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.