Subject: Lowest core inflation number in 3 years
January PCE inflation, the Fed's preferred inflation measure, falls to 2.4%, in-line with expectations of 2.4%.

Core PCE inflation fell to 2.8%, in-line with expectations of 2.8%.

This is the lowest Core PCE inflation number since April 2021, and keeps a June rate cut on the table.

Stocks are rising on the news.

https://finance.yahoo.com/news...