Economic Report: The Fed’s preferred price gauge jumps again and shows inflation rising at fastest pace since 1982

By February 25, 202240 views

The core PCE inflation index is forecast to increase 0.5% in January, according to economists polled by The Wall Street Journal. The core figures strip out food and energy and is viewed by the Federal Reserve as a more reliable predictor of price trends. The headline PCE index is expected to rise by a similar percentage.

Consumer spending is forecast to rise 1.6%.

The report will be released at 8:30 a.m. Eastern by the Bureau of Economic Analysis. In the 12 months ended in December, the PCE index rose at a 5.8% yearly rate.

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