The Commerce Department on Friday released the January 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.

The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts. Follow along with our live coverage here.

February's inflation levels proved relatively stable, but that likely won’t be of much help to Federal Reserve officials as the war in Iran threatens to drive energy and other prices even higher. The consumer price index rose 2.

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The latest PPI data could give the Fed “another reason to be more patient with rate cuts,” said Chris Zaccarelli of Northlight Asset Management.

Investor nervousness about the impact of soaring energy costs is growing.

The Federal Reserve’s favored inflation gauge was worse than what Wall Street forecast in January, according to federal data released Friday, as the Iran war—boosting energy prices and fears of rising inflation—has shelved hopes of an interest rate cut from the central bank.

In February, US CPI inflation rose 2.4 per cent annually, in line with expectations . The data predates the outbreak of war in Iran and will not give much of a st

Treasury yields were mostly declining Friday, after a disappointing revised estimate on U.S. economic growth and as investors weighed a delayed report on inflation from the Federal Reserve’s preferred gauge.