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Stubborn inflation numbers continue to generate nervousness
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If you thought that inflation is over and done with, think again.
The latest United States personal consumption expenditures (PCE) index put paid to expectations that inflation is under control. The Federal Reserve’s preferred gauge of inflation was up 0.6 per cent in January – the largest rise since June 2022. For the 12 months through January, the PCE index rose 5.4 per cent, up from 5.3 per cent in December.
