Silver Rises Over 120% YTD 
Investors will be closely watching Friday’s release of the Federal Reserve’s preferred inflation measure, the “core” Personal Consumption Expenditures (PCE) index.
Economists expect January’s annual core PCE to show a slight decrease to 2.6% from December’s 2.7%, while the monthly figure is projected to rise to 0.3% from 0.2%.
Morgan Stanley’s chief US economist notes that if core PCE hits 2.6%, it would represent a “meaningful step down” in the 12-month inflation rate and support their prediction of a quarter-point rate cut in June.
