PCE Inflation Mostly Flat In February


U.S. Treasury yields moved higher on Monday but have come off their highs following the release of an inflation report preferred by the Federal Reserve that showed a mostly flat inflation reading in February over the past month.

The Bureau of Economic Analysis reported this morning that the price index for PCE decreased 0.1 percent in February after an increase of 0.1 percent in January and lower than a 0.1 percent forecast from briefing.com.

The February PCE price index increased 1.0 percent from February a year ago.

The Core PCE price index, excluding food and energy, increased 0.1 percent in February after an increase of 0.3 percent in January.

The Core February PCE price index has increased 1.7 percent from February a year ago, matching the same level in January which touched the highest level since February 2013.

Wages and salaries decreased $9.4 billion in February following an increase of $46.5 billion in January.

Private wages and salaries decreased $12.9 billion in February after an increase of $41.9 billion.

Personal income increased 0.2 percent or $23.7 billion and disposable personal income (DPI) increased 0.2 percent  to $23.7 billion, according to the Bureau of Economic Analysis.

Updated Democratic Primary Results

Bernie Sanders has won in 3 U.S. western states after winning in Alaska, Hawaii, and Washington on Saturday.

Washington state had the largest number of delegates with 101 up for grabs.

According to the AP, Sanders won 25 delegates in Washington to 9 for Clinton.

In Washington the remaining 67 delegates will be awarded later by the Democratic Party based on the voted results in the state’s congressional districts.

Sanders won 13 of the 16 delegates at stake in Alaska and 17 of 25 delegates in Hawaii.

Clinton still holds a lead with pledged delegates and has 1,243 to Sanders’ 975.

Including Super delegates, Clinton’s lead grows larger to 1,712 to Sanders’ 1,004.


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