U.S. PCE prices rose 0.6% in January, stoking fears of higher Fed rates for longer By Investing.com

*U.S. PCE PRICES ROSE 0.6% IN JANUARY, STOKING FEARS OF HIGHER FED RATES FOR LONGER - 🇺🇸🇺🇸

Stock and bond markets have been under pressure for over a week now as a string of data releases have suggested that the economy is not coming off the boil as quickly as seemed to be the case at the end of last year, when the headlines were dominated by a succession of mass layoffs at big technology companies. Successive reports from the labor market have showed the newly laid-off being rapidly absorbed by companies that - nationwide - have almost two jobs available for every unemployed person.

Other data released at the same time also showed that consumer spending held up more strongly than expected in January.

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