Fed's favorite core inflation measure hits 2.6% in January, as expected
1. Inflation in January eased slightly amid tariff concerns. 2. PCE price index rose 0.3%, annual rate at 2.5%. 3. Core PCE increased 0.3% monthly with a 2.6% annual rate. 4. Inflation numbers align with Dow Jones consensus estimates. 5. Federal Reserve likely to maintain current interest rate levels.