WASHINGTON—A key measure of U.S. inflation fell in January to its slowest pace since 2016, underscoring concerns about softening price pressures that have confounded policy makers at the Federal Reserve. The Fed’s preferred inflation gauge, the price index for personal-consumption expenditures, fell 0.06% in January from December and was up just 1.37% from a year earlier, the smallest gain since September 2016, the Commerce Department said Friday.

Source: Wall Street Journal March 29, 2019 13:29 UTC