U.S. Inflation
PCE In Line with Expectations
A Commerce Department report showed the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, climbed 0.3% in January month-on-month, as expected. Prices rose 2.4% on a yearly basis, also matching estimates. Meanwhile, initial jobless claims for the week ended Feb. 24 stood at 215,000, greater than expectations of 210,000, according to economists polled by Reuters.