Federal Reserves Key Inflation Measure Remains Above Target

Shoppers at a grocery store in Centreville, Va. on Nov. 2, 2025. Madalina Kilroy/The Epoch TimesThe Federal Reserve’s favored inflation metric cooled slightly at the start of 2026, but the widely watched gauge stayed firmly above the central bank’s 2 percent target.January’s annual Personal Consumption Expenditure (PCE) Price Index eased to 2.8 percent from 2.9 percent in December, according to Bureau of Economic Analysis data released on March 13.