A.M. Update -Another Hot Inflation Report

S&P Futures are trading down -1.25% after another hot inflation report, this time the Fed’s favored measure of inflation, the Core PCE Deflator. The PCE Price Index rose 0.6% (consensus 0.4%) following a revised 0.2% increase in December (from 0.1%). Core-PCE Price Index rose 0.6% in January (consensus 0.4%) after a revised 0.4% increase in…