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Q4 2023 Arcadia Biosciences Inc Earnings Call
Federal Reserve Chair Jerome Powell on Friday will update his views on U.S. inflation and the economy following the release of data showing price increases running faster than the central bank chief last week anticipated. Government data showed the personal consumption expenditures price index increased at a 2.5% annual rate in February, up from 2.4% the month before. Notably the number excluding volatile food and energy prices rose 0.3% on a month to month basis, counter to Powell's expectation last week that the figure would be "well below" 0.3% and remain in line with the Fed's outlook for inflation to continue slowing to the Fed's 2% target.