Fed's key inflation gauge runs hot: PCE holds at 2.8%, topping forecasts and matching January

The Federal Reserve's preferred inflation measure is still running hotter than expected. The latest PCE inflation reading held at 2.8%, coming in above forecasts and unchanged from January, keeping the bar high for near-term rate cuts. From PCE and GDP to Hormuz and gold, the macro threads are tightening in tandem. Today's Daily News Nuggets breaks down how the pieces fit together.