Summary: US Fed’s favoured inflation measure up by 0.3% in January; above market expectations; annual rate ticks up after revisions; Treasury bond yields fall back following previous day’s spike. One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at the time of 2.0% in mid-2018, the annual rate then hovered in a...