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On Friday, the Commerce Department will release the February reading of the Personal Consumption Expenditures Price Index, which the Federal Reserve considers the most important measure of inflation.
CNBC TV will have special coverage starting at 8:15 a.m. ET that you can only watch here. PCE data will be released at 8:30 a.m. ET.
CNBC will break down the numbers and what they mean for markets on Monday. US financial markets are closed on Friday for Good Friday.
Excluding food and energy, the core index was expected to rise 0.3% in February and 2.8% from a year ago, according to Dow Jones consensus estimates, after rising 0.4% and 2.8%, respectively, in January. For the headline figure, the estimates are respectively 0.4% and 2.5%, compared to 0.3% and 2.4%.
While the Fed looks at both numbers, it is considered the more reliable underlying indicator of long-term inflation trends.
Along with the personal consumption expenditure figures, the ministry will publish the personal income and consumer spending figures. They are expected to show increases of 0.4% and 0.5%, respectively.
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