US inflation data broadly in-line with expectations
By BFN News | 01:41 PM | Thursday 01 March, 2012
In January Personal consumption expenditures (PCE), the US Federal Reserve's preferred gauge of inflation, increased $23.2 billion, or 0.2%, in-line with consensus forecasts.
The release from the Bureau of Economic Analysis also showed that US personal income increased $37.4 billion, or 0.3%, in January.
In December, personal income increased $60.2 billion, or 0.5%, and PCE increased $3.2 billion, or less than 0.1 percent, based on revised estimates.
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