BlockBeats news, March 19: Federal Reserve Chair Powell: February PCE inflation is expected at 2.8%, with core PCE at 3.0%. Recent inflation expectations have risen, but long-term inflation expectations remain aligned with the 2% target. Last year’s rate cuts have brought interest rates close to a reasonable estimate of the neutral rate; it is still too early to assess the scope and duration of the economic impact. Rising energy prices will push up overall inflation.
Powell forecasts 2.8% PCE inflation and 3.0% core PCE for February
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Summary
On March 19, 2026, Federal Reserve Chair Jerome Powell released new inflation data, forecasting February PCE inflation at 2.8% and core PCE inflation at 3.0%. He acknowledged rising inflation readings but stated that long-term indicators remain consistent with the 2% target. With interest rates near neutral, the full economic impact remains uncertain. Rising energy prices are expected to further elevate inflation. Traders are now shifting their focus to altcoins in response to evolving market conditions.
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