Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

- Inflation remains at 2.8% in March, slightly above expectations - Consumer spending and personal income are rising despite high prices - Treasury yields decrease - Wall Street expected to open higher - Federal Reserve might not change interest rates until summer - Inflation trends are being closely monitored for future decisions - Link to article: [CNBC](https://www.cnbc.com/2024/04/26/pce-inflation-march-2024-key-fed-inflation-measure-rose-2point8percent.html) - The page cannot be found - Trending stories include: 1. Key Fed inflation measure rose 2.8% in March 2. 26-year-old's side hustle brings in $38,500 a month 3. Trump advisors considering revamping the Fed 4. S&P 500 and Nasdaq jump 5. Americans worried about U.S. retirement system changes

Summarized top reddit comments: - Market reaction to inflation number movement is compared to a slot machine or unsure about outcome - PCE is down from peak of 7% to 2% and inflation stabilizing, market likes it - Historical anomaly for consistent 2% inflation, touching around 3% consistently - GDP going down gradually, inflation expected and rates to be lowered - Concerns about credit card debt rising faster than spending and inflation - Doubts about rate cuts this year, with priority on stock market growth - Misunderstanding about rate cuts and their impact on the market, recession indication