FTSE 100 Live 26 January: Index closes up 100 points in best day of 2024

Charles Hepworth, Investment Director, GAM Investments, says: “The Federal Reserve’s most well-liked measure of inflation was simply launched for the month of December 2023 and it retains alive the possibilities of a fee reduce in March. PCE (Personal Consumption Expenditures), as a measure of inflation differs, to the broader recognized CPI index in that it solely measures items and companies consumed by people and that’s the reason the Fed prefers it as a broad gauge of inflation when judging coverage.

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