[Canadian Imperial Bank of Commerce: CPI Data Suggests the Fed is Approaching Its Preferred Inflation Target] Jin10 News, February 13 – Ali Jaffery, a capital markets analyst at the Canadian Imperial Bank of Commerce, stated that the year-over-year growth rates for overall inflation and core inflation are 2.4% and 2.5%, respectively, which are largely consistent with another key inflation indicator favored by the Federal Reserve—the PCE Price Index. The latter is moving toward the policymakers' desired rate of 2%. Historically, the average increase in the Consumer Price Index (CPI) has typically been about 0.5 percentage points higher than the PCE. Today's data indicates that annual inflationary pressure is relatively mild, as businesses are still absorbing tariff costs, housing costs are declining, and a weak labor market is suppressing wage pressures.