The PCE report, the Fed's preferred inflation measure, is out. Here's what it says.
CBSN
The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.5% in January on an annual basis.
The PCE index and other inflation yardsticks, such as the Consumer Price Index, measure the change in prices over time of a typical basket of goods and services.
We share our planet with maybe 10 million species of plants, animals, birds, fish, fungi and bugs. And to help identify them, millions of people are using a free phone app. "Currently we have about six million people using the platform every month," said Scott Loarie, the executive director of iNaturalist, a nonprofit.
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