Eco Week Ahead
Fed-Favored Inflation Gauge Seen Rising Most in a Year
- Report may highlight uneven path to taming price pressures
- Inflation also due in euro zone and Japan; G-20 officials meet
Shoppers and pedestrians on Broadway in the Soho neighborhood of New York.
Photographer: Shelby Knowles/BloombergThis article is for subscribers only.
Underlying US inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.
The core personal consumption expenditures price index, which excludes food and energy costs, is seen rising 0.4% from a month earlier. That would mark the second straight monthly acceleration in a gauge that’s largely been receding over the past two years.