Inflation softens in February, PCE finds, and gives more ammo for Fed rate-hike pause

The numbers: The cost of U.S. goods and services rose by a milder 0.3% in February, perhaps a sign the Federal Reserve’s fight against high inflation is starting to show a bit more progress. Prices had risen by a sharp 0.6% in January, based on the so-called PCE index. The yearly increase in…

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