The SPDR S&P 500 ETF Trust traded higher by 0.3 on Friday morning after the Bureau of Economic Analysis reported a 5 increase in the personal consumption expenditures price index in the month of February, suggesting the Federal Reserve still has a long way to go in its battle against inflation.br br The headline PCE rose 5 in February, down from 5.4 in January and a 2022 high of 6.8 in June. The February PCE reading came in below economist estimates of a 5.3 gain.br br Core PCE, which excludes volatile food and energy prices and is the preferred inflation measure for the Federal Reserve, was up 4.6 in February, below economist estimates of a 4.7 gain.