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Fed's Favorite Inflation Gauge Jumps Again, Shows Price Pressures Stuck in High Gear

The Federal Reserve's preferred inflation gauge, the so-called PCE price index, jumped again to a multi-decade high in the year through December, though it inched down in monthly terms, while an alternate measure that reflects underlying price pressures rose in both annual and monthly terms, suggesting inflationary woes are far from gone.
Jerome Powell Roy Peter Clark Tom Ozimek Greg Mcbride Commerce Department Federal Reserve

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