when

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">The U.S. Bureau of Economic Analysis reported a <a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" target="_blank" aria-label="0.3 percent increase (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">0.3 percent increase</a> in personal income for February, amounting to a $66.5 billion rise from the <a href="https://tokenist.com/market-reacts-positively-as-us-pce-inflation-hits-forecast-numbers/" rel="noopener noreferrer nofollow" class="deco-link">previous month</a>. Disposable personal income (DPI) also saw a 0.2 percent increase, equating to a $50.3 billion uptick.</p>
<p>The primary drivers of the personal income growth were increases in compensation and personal current transfer receipts, which were partially offset by a decrease in personal income receipts on assets.</p>
<h3 id="personal-consumption-expenditures-increase-0-8-in-february">Personal Consumption Expenditures Increase 0.8% in February</h3>
<p>Personal Consumption Expenditures (PCE) increased by 0.8 percent in February, to $145.5 billion, up from the previous month. The service sector accounted for a substantial portion of this growth, with spending increasing by $111.8 billion.</p>
<p>Financial services, insurance, transportation services, housing, and utilities were the primary contributors to this increase. Goods spending also saw a notable rise of $33.7 billion, primarily driven by increased spending on motor vehicles and parts.</p>
<p>Personal outlays, encompassing PCE, personal interest payments, and personal current transfer payments, grew by $149.9 billion in February. Despite this increase in spending, personal savings remained at $745.7 billion, with a personal saving rate of 3.6 percent</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="pce-price-index-up-0-3-in-february">PCE Price Index Up 0.3% in February</h3>
<p>The PCE price index, a measure of <a href="https://tokenist.com/investing/how-do-interest-rates-affect-stocks/" rel="noopener noreferrer nofollow" class="deco-link">inflation</a>, rose by 0.3 percent from the previous month, with goods prices increasing by 0.5 percent and services prices by 0.3 percent. The PCE price index still showed a 0.3 percent increase when excluding food and energy.</p>
<p>Real PCE, which adjusts for inflation, grew by 0.4 percent in February. This growth was primarily driven by a 0.6 percent increase in spending on services, with international travel, transportation services, and financial services and insurance being the main contributors.</p>
<p>Spending on goods saw a more modest 0.1 percent increase, largely due to increased spending on motor vehicles and parts.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><strong><em>How do you think the Fed will see the latest PCE data? Let us know in the comments below.</em></strong></p>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/pce-price-index-up-0-3-in-feb-in-line-with-expectations/">PCE Price Index Up 0.3% in Feb, in Line with Expectations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

PCE Price Index Up 0.3% in Feb, in Line with Expectations

Table of Contents

Tokenist

Other articles published on Mar 29, 2024

Meme Coin Traders Jump on New SBF Meme Coins As FTX Founder Gets 25-Year Prison Sentence

Solana Meme Slothana ($SLOTH) Raises $2.5M Within 72 Hours

Bitwise CEO Predicts Monumental Bitcoin Halving Impact

Ethena Labs reportedly suffers from security incident, analysts suspect $290k exploit

How to get Voyager Token?

Optimism Grows for MATIC Coin as Active Addresses Increase

Join our free newsletter for daily crypto updates!