Inflation came in at hot 2.8% in Fed’s preferred gauge in February, before oil spike

Annual inflation remained at 2.8 in the Federal Reserve’s preferred inflation gauge for February, before the energy price surge sparked by the war with Iran. The personal consumption expenditures index report by the Bureau of Labor Statistics was released on Thursday morning. ECONOMY INCREASINGLY AT RISK THE LONGER IRAN WAR DRAGS ON It shows that, even before oil prices soared in March, inflation was proving []