Subject: Re: Inflation 2.4%
Dope1: Overall inflation eased to 2.4 percent in January from the same time last year. That was down from the previous 2.7 percent annual pace.

Oops.

The headline PCE index was +0.36% in December (4.4% annualized rate), and October and November figures were revised up slightly pushing 12-month inflation to 2.9%, the highest reading in more than a year.

Gross domestic produce rose at an annualized rate of just 1.4%, according to the Commerce Department, well below the Dow Jones estimate for a 2.5% gain.