"Federal Reserve Speaker" Nick Timiraos: Due to the weak performance of the PPI components that make up the PCE index (financial and medical services sub-items) in January, the monthly rate of the core PCE index in the United States in January is expected to be much lower than the sharp increase in the monthly rate of CPI yesterday. A month-on-month increase of 0.27% in the core PCE in January would reduce the annual rate of the core PCE from 2.8% to 2.6%.