
The PCE report, the Fed’s preferred inflation measure, is out. Here’s what it says.
Poll shows continued concerns about economy Most Americans say income is not keeping up with inflation, CBS News poll finds 02:48 The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 2.5% in January on an annual basis. The PCE index and other inflation yardsticks, such as the Consumer Price Index,…