Core PCE rose in January: ‘I think earnings can hang in there’

S&P 500 is trading down on Friday after the U.S. Bureau of Economic Analysis said the core personal consumption expenditures price index was up more than expected in January. Pro reacts to the inflation data On a year-over-year basis, the Fed’s preferred inflation gauge was up 4.7% versus a 4.4% increase expected. Today’s data creates […]