Fed-Favored Inflation Gauge Seen Rising Most in a Year
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Underlying US inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.
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Published Feb 24, 2024 • 5 minute read
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(Bloomberg) — Underlying US inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.
The core personal consumption expenditures price index, which excludes food and energy costs, is seen rising 0.4% from a month earlier. That would mark the second straight monthly acceleration in a gauge that’s largely been receding over the past two years.
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Bloomberg News
2024-02-24 16:21:35
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