Fed-Favored Inflation Gauge Seen Rising Most in a Year

The underlying inflation in the United States likely increased in January, possibly marking the most significant rise in a year, according to the Federal Reserve’s preferred metric.

The core personal consumption expenditures price index, which excludes food and energy costs, is anticipated to show a 0.4% increase from the previous month.

This would signify the second consecutive monthly acceleration in a metric that has generally declined over the past two years.

On an annualized basis, both three- and six-month data would rebound to exceed 2%, after having fallen below the Fed’s target in December, Bloomberg reported.

READ MORE: https://finance.yahoo.com/news/fed-favored-inflation-gauge-seen-210000759.html

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