Thats a pretty low bar to be excited about

 

Key Fed inflation gauge rose 0.3% in February, less than expected

Just like myself and others have said:

'Thats a pretty low bar to be excited about:

"things not rising as much as expected."

"An inflation gauge the Fed follows closely rose slightly less than anticipated in February."

(PCE runs lower than CPI why exactly do you think it's, "An inflation gauge the Fed follows closely..."?)

"The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, the Commerce Department reported."

(Thats 3.6% annually, still 1.5x higher than what the Fed wants.)

"The figure was below the 0.4% Dow Jones estimate and lower than the 0.5% January increase."

(Oh lets  get out the champain honey its reason to celebrate...)

"An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases."

(Baloney, that's what they want you to believe.)

"On a 12-month basis, core PCE increased 4.6%, a slight deceleration from the level in January."

(Thats still 2.25x higher than whats wanted.)

"Consumer spending climbed 0.2%, compared with the 0.3% estimate."

(Largely driven by the top 20% income earners I am sure. Notice they didn't give you the economic/demographic breakdown of where the increased consumer spending is coming from. Why?)

"The Fed’s own unofficial projections released last week pointed to perhaps one more increase this year and no reductions."

(That is just not going to come close to getting it done.)

"While inflation has ebbed in some areas, it has remained pernicious in others. Shelter costs in particular have risen sharply. Fed officials, though, are looking through that increase and expect rents to decelerate through the year."

(if it was going down they sure would give themselves credit for it, so why are they 'looking through that increase"?

Because it doesn't match the "narrative" they are trying to sell you? Maybe? Perhaps?)

"Data released Thursday suggests that the problems in banking also may be at least under control. Borrowing through two emergency Fed lending programs decreased slightly last week, indicating that there has been no frantic liquidity dash for banks that may be undercapitalized."

(They bought time. Nobody knows how long. Think about it for a second, "The lender of last resort" that is hemorrhaging $ itself ? Created "two emergency Fed lending programs" How can you not see where this ends at this point? I'd get my heart right and talk to my creator if I was you, I really would.)