US PCE Price Index MoM (Jan) M/M 0.3% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.2%, High. 0.4%)
Newsquawk Staff ·
US PCE Price Index MoM (Jan) M/M 0.3% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.2%, High. 0.4%)
What it means
The US PCE Price Index for January printed at 0.3% MoM, matching expectations. This steady reading suggests inflation remains contained, potentially easing pressure on the Federal Reserve regarding aggressive rate hikes. However, the slight decline from the previous month indicates ongoing scrutiny of inflation dynamics in future monetary policy considerations.
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