Fed's favored inflation gauge remained stubbornly high in January as consumer price pressures persist

This story on the January 2026 PCE inflation report is developing and will be updated with more details.The Federal Reserve's preferred inflation gauge remained stubbornly high in January as consumers continued to face elevated price growth.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis in January and is up 2.8% from a year ago. The monthly figure was in-line with the expectations of economists polled by LSEG, while the annual figure was slightly lower than the 2.9% estimate.Core PCE, which excludes volatile measur...

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