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Markets Tumble as Fed’s Favorite Inflation Gauge Spikes; Bitcoin Slides, Stocks Dump

The U.S. Federal Reserve’s preferred inflation measure elevated sharply in February, with the core personal consumption expenditures price index climbing 0.4%—the largest monthly spike since January 2024—while consumer spending growth…

Continue ReadingMarkets Tumble as Fed’s Favorite Inflation Gauge Spikes; Bitcoin Slides, Stocks Dump