In the U.S., the Fed's preferred inflation measure, the PCE, remained stable in February.

Foreks - The Personal Consumption Expenditures Price Index (PCE), the preferred inflation measure by Fed officials, remained flat last month. According to data released by the Bureau of Economic Analysis (BEA), the PCE increased by 2.5% year-on-year in February. Economists had expected the annual price increase to remain steady at 2.5%, the same rate as January.

In February, the PCE saw a monthly rise of 0.3%, aligning with economists' expectations and matching January's figures. The Core PCE also rose by 0.4% month-on-month and 2.8% year-on-year. Personal spending in the U.S. increased by 0.4%, falling short of the expected 0.5%, while the January spending data was revised from -0.2% to -0.3%. Personal incomes exceeded expectations, rising by 0.8%, while the January increase was revised down from 0.9% to 0.7%.