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Markets Tumble as Fed’s Preferred Inflation Number Heats Up

02/24/2023

The latest batch of January inflation data wasn’t expected to be a market-mover, despite PCE being the Fed’s preferred measure. As it turned out, not only did PCE follow last week’s hotter-than-expected CPI script, but it amplified it, abruptly halting the year-over-year downward inflation trend.

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