📍February PCE inflation meets expectations

📌 Year-over-year (YoY):
- Headline PCE: +2.8% - in line with forecasts, unchanged
- Core PCE: +3.0% - in line with forecasts, down from 3.1%
-> Lowest since December 2025
📌 Month-over-month (MoM):
- Headline PCE: +0.4% - in line with forecasts, higher than 0.3% last month
- Core PCE: +0.4% - in line with forecasts, unchanged
-> Returns to highest level since February 2025
📌 This increase is mainly driven by non-durable goods, with a sharp decline in services inflation.
📌 Consumer spending +$103.2B. Americans are starting to cut back on non-essential spending, shifting consumption toward essentials and big-ticket items.