---
title: The Fed's preferred measure of inflation (Core PCE) came in at 3.0% in February which was before the start of the Iran war.
description: "That was the 60th consecutive reading above the Fed's 2% target level. There will be no Fed rate cut this month and one could make a strong case for a rate hike as inflation rates are about to spike higher.\n\nSource: Charlie Bilello"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The Fed's preferred measure of inflation (Core PCE) came in at 3.0% in February which was before the start of the Iran war.](https://blog.syzgroup.com/syz-the-moment/the-feds-preferred-measure-of-inflation-core-pce-came-in-at-3.0-in-february-which-was-before-the-start-of-the-iran-war)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 10, 2026, 1:42:13 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-feds-preferred-measure-of-inflation-core-pce-came-in-at-3.0-in-february-which-was-before-the-start-of-the-iran-war)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2026-04-10T13:42:13.408Z",
  "datePublished" : "2026-04-10T13:42:13Z",
  "headline" : "The Fed's preferred measure of inflation (Core PCE) came in at 3.0% in February which was before the start of the Iran war.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 461,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/4-Apr-10-2026-01-41-52-1132-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/the-feds-preferred-measure-of-inflation-core-pce-came-in-at-3.0-in-february-which-was-before-the-start-of-the-iran-war",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```