Core inflation rises, falls year-over-year
This is a news story, published by Yahoo Finance, that relates primarily to The Federal Reserve's news.
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PCE inflation readingYahoo Finance
•Business
Business & Economics
PCE inflation gauge matches expectations, offering relief to Fed
79% Informative
The Federal Reserve's preferred inflation gauge showed prices rose on a monthly basis but dropped year over year.
The "core" Personal Consumption Expenditures index, which strips out food and energy costs, rose 0.3% from the prior month during January , but that rise was in line with expectations.
The central bank is all but certain to hold rates steady for the second consecutive meeting this year .
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