PCE, the Fed’s Preferred Inflation Gauge, Rose Above Estimates in January: Up 0.6% MoM

PCE, the Fed’s Preferred Inflation Gauge, Rose Above Estimates in January: Up 0.6% MoM

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The Federal Reserve’s preferred inflation measure Core Personal Consumption Expenditures (PCE) Price Index, rose by 0.6% on a monthly basis in January, above the market expectations of 0.4%. PCE Price Index also exceeded estimates, pushing US stock futures into the red on Friday. PCE Inflation and…

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