WASHINGTON: U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table.
The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday. Data for January was revised higher to show the PCE price index climbing 0.4% instead of 0.3% as previously reported.
