Reported about 8 hours ago
In January, the Federal Reserve's preferred inflation measure, Personal Consumption Expenditures, indicated a cooling of inflation, with a year-over-year increase of 2.5%, down from 2.8% in December, marking the first decline in four months. This contrasts with the Consumer Price Index, which unexpectedly rose in January, leading to mixed signals about inflation trends. Core PCE inflation decreased to 2.6%, providing some relief for households, though future tariffs could complicate the outlook.
Source: YAHOO