The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. The headline index was up 2.8% year-over-year, up from 2.7% in October and in line with the ...
The Fed-favored inflation measure, the PCE price index, which includes food and energy, jumped by 0.38% in February from January (+4.6% annualized), the biggest jump in a year. Year-over-year, the PCE ...