January inflation eases in Fed’s preferred measure

The Hill ^ | 02/28/2025 | Tobias Burns

[ChicagoConservative27]

Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall.

The personal consumption expenditures (PCE) price index increased by 0.3 percent in January, easing to a 2.5-percent annual increase from 2.6 percent in December. The moves were in line with economists’ expectations.

“This is about the only inflation indicator this month where the Fed can find some refuge,” Olu Sonola, economist with Fitch Ratings, wrote in an analysis.

Concerns about resurgent inflation have been mounting after prices in both the PCE and the broader consumer price index (CPI) increased between September and December.

[ChicagoConservative27]

Diaper head owns January inflation

[reed13k]

And here come the anti-Trump pundits - “Well, yeah, it’s down; but it’s nothing like what he said he was going to do” (They’ll still say this with less then 2 months in mind you)

[shelterguy]

He was going to fix everything on day one, remember? /s

[Tell It Right]

Inflation down (at least the Fed’s version of it) means Fed Reserve less likely to raise rates. Which means most stocks and bonds are up today.

[Angelino97]

And here come the anti-Trump pundits - “Well, yeah, it’s down; but it’s nothing like what he said he was going to do” (They’ll still say this with less then 2 months in mind you)

Some Trump supporters are no better.

The long term narrative on conservative sites has been that the Fed lies, that its inflation reports can't be trusted.

But now that Trump is president, we're supposed to believe good news from the Fed?

I didn't trust the Fed while Biden was president. Nor when Trump, Obama, or Bush were president. Nor do I trust the Fed's numbers today. Nor will I trust the Fed well into Trump's second term.