Fed’s preferred inflation gauge cooled last month

Inflation is easing, but another alarm bell is ringing about the US economy
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
Inflation Eased Slightly in January, Fed’s Preferred Gauge Showed
Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but warned that the Fed’s job will become “trickier if January’s sharp decline in consumption was a sign of consumer strength buckling.”
Is Inflation Finally Cooling Again? The Fed's Favorite Gauge Says So
Inflation rose 2.5% over the year in January compared to 2.8% in December, marking the first decrease in four months.
Here’s where the Fed’s preferred inflation reading landed in January
Inflation dropped slightly in January but consumer spending, the primary driver of the U.S. economy, also saw its biggest decline in four years.
Fed’s preferred measure of underlying inflation rises 0.3pc
The latest report offers respite on the inflation front after other reports on prices have suggested progress has not only stalled but is now reversing.
Inflation gauge favored by Fed showed prices grew as expected in January
The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.
Fed inflation gauge indicates big changes in key economic driver
The Federal Reserve's preferred inflation gauge eased modestly last month, but personal-spending figures showed one of the biggest pullbacks in more than a year, suggesting further weakness in the domestic economy.
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Stock Futures Tick Higher After PCE Inflation Data
Stock futures ticked higher after the Federal Reserve’s preferred inflation gauge came in as expected in January. The personal consumption expenditures price index rose 0.3% in January from December.