January PCE inflation rose 0.3% for annual rate of 2.5%, meeting Dow Jones expectations
Business
Feb. 28 (UPI) -- The Federal Reserve 's preferred inflation gauge rose in line with expectations in January, according to a report by the Bureau of Economic Analysis. The personal consumption expenditures index, or PCE, rose 0.3% in January for an annual rate of 2.5%,. Excluding food and energy, the core PCE rate rose 0.3% for the month and 2.6% annually. Advertisement Personal income was up 0.9%, higher than the expected increase of 0.4%. Spending was down 0.2%. "The increase in current-dollar
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