US core PCE rises 0.4% mom in January as consumer spending stays strong

US inflation data for January presented a mixed picture, with price pressures remaining firm even as the headline annual pace eased slightly. The headline PCE price index rose 0.3%om, while the core measure—which excludes food and energy—increased by 0.4% min. Both readings matched market expectations and indicate that underlying inflation remains somewhat sticky. On an […]

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