Fresh U.S. PCE data points to softer-than-expected inflation, with core price pressures still contained, Mohamed A. El-Erian said. The reading supports the view

Fresh U.S. PCE data points to softer-than-expected inflation, with core price pressures still contained, Mohamed A. El-Erian said. The reading supports the view that the Fed’s preferred inflation gauge remains stable as markets reassess the policy path.