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1 revisions for "The Fed's Inflation Problem Isn't Going Away: What February's PCE Report Reveals About the Road Ahead"

The February 2025 PCE report showed core inflation running at 2.8% year-over-year — well above the Federal Reserve's 2% target — driven primarily by persistent services inflation. The data prompted the Fed to raise its inflation forecasts and lower its growth outlook, intensifying debate over when and whether rate cuts can begin.