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Fed’s favored inflation gauge remained stubbornly high in January as consumer price pressures persist

Former JP Morgan Chase chief economist Anthony Chan breaks down the run up in oil prices on Varney & Co. This story on the January 2026 PCE inflation report is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in January as consumers continued to face elevated price growth.The Commerce Department on…

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