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Fed’s favorite core inflation measure hits 2.6% in January, as expected

Americans reduced their spending by 0.2% in January from December, according to the Commerce Department.
Core inflation dropped to 2.5% in January, as reported by the government, marking the lowest level since June.
President Donald Trump announced plans to double tariffs on Chinese imports and impose additional tariffs on Canada and Mexico, beginning March 4.
Lydia Boussour, a senior economist at EY, stated, 'Increased uncertainty surrounding trade, fiscal and regulatory policy is casting a shadow over the outlook.

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Australian Financial Review

Fed’s preferred measure of underlying inflation rises 0.3pc

The latest report offers respite on the inflation front after other reports on prices have suggested progress has not only stalled but is now reversing.

12 hours ago·Sydney, Australia

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New York Post

Fed’s preferred inflation gauge cools slightly in January after heated data this month

The Federal Reserve's key measure of inflation cooled slightly in January, giving investors a glimmer of hope for interest rate cuts after dismal economic reports earlier this month.

14 hours ago·New York, United States

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CNN

+2 Reposted by 2 other sources

Inflation is easing, but another alarm bell is ringing about the US economy

The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.

14 hours ago·Atlanta, United States

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Associated Press News

+27 Reposted by 27 other sources

Most drastic cut in spending by US consumers in three years last month despite decline in inflation

Most drastic cut in spending by US consumers in three years last month despite decline in inflation.

14 hours ago·United States

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CNBC

Fed's favorite core inflation measure hits 2.6% in January, as expected

The PCE price index was expected to show an annual inflation rate of 2.5% in January.

14 hours ago·United States

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Bloomberg

Fed’s Favored Inflation Gauge Rises at Mild Pace, Spending Falls

The Federal Reserve’s preferred measure of underlying inflation rose at a mild pace in January, offering some relief after a string of reports suggested price pressures are heating up again, while consumers pulled back on spending.

14 hours ago·United States

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