January’s PCE report showed inflation is falling toward the Fed’s 2% target, but the overall economy may be slowing with it. WSJ’s Dion Rabouin breaks down the data showing household spending declined and was negative based on one metric. Photo: Seth Wenig/Associated Press
Gold price rose more than 0.50% in Thursday’s North American session after the release of the Federal Reserve’s preferred gauge of inflation, the Core Personal Consumption Expenditure (PCE) Price Index, was aligned with estimates. The data confirmed the disinflationary process continues, triggering a drop in US Treasury bond yields, which correlate ...