U.S. January PCE Price Index Rises 2.8% From a Year Earlier
The latest U.S. inflation reading came in below the 2.9% estimate and lower than the previous 2.9%, indicating a modest cooling in price growth.
Summary
No Summary provided as the original text is short
Terms & Concepts
PCE Price Index: The Personal Consumption Expenditures Price Index is a U.S. inflation measure that tracks changes in consumer prices and is closely watched by financial markets.