Core PCE rose again in February: time to sell semiconductor stocks?

S&P 500 is up another 1.0% on Friday after the U.S. Bureau of Economic Analysis said the core personal consumption expenditures price index climbed less than expected in February. What does the reading mean for the Fed? Versus the prior month, the Fed’s preferred inflation gauge was up 0.3% versus a 0.4% increase expected. Much […]