The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
January PCE inflation report: headline & core PCE vs expectations, plus income and spending trends—key Fed signal for rates.
Core inflation held steady at 3% in October, matching a Reuters survey of economists and offering a clearer view of price pressures as the year closes. The steady reading, which excludes fresh food ...
A big driving force was lower energy costs in January, which won’t last, and at least one other factor may have been redefined without mention.
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. The headline index was up 2.8% year-over-year, up from 2.7% in October and in line with the ...