Jan. inflation eases in Fed’s preferred measure

The Fed's 'preferred' measure of inflation is core PCE. Do advisors favor it as well?
The Fed is well known to view core PCE as its inflation indicator of choice. However, wealth managers have their own preferences.
The PCE report, the Fed's preferred inflation measure, is out. Here's what it says.
A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
Fed's favorite core inflation measure hits 2.6% in January, as expected
Excluding food and energy, core PCE also rose 0.3% for the month and was at 2.6% annually. Fed officials more closely follow the core measure as a better indicator of longer-term trends. The numbers all were in line with Dow Jones consensus estimates and likely keep the central bank on hold for the time being regarding interest rates.
Inflation gauge favored by Fed showed prices grew as expected in January
The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.
Inflation fell to 2.5% in January in Fed’s preferred gauge
The decline in the personal consumption expenditures index from 2.6% the month before was in line with expectations.
January inflation eases in Fed’s preferred measure
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 percent in January,
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Stock futures ticked higher after the Federal Reserve’s preferred inflation gauge came in as expected in January. The personal consumption expenditures price index rose 0.3% in January from December.