The US CPI data came out earlier but if the Fed and new Fed Chair had a favorite inflation measure it remains the PCE.
The important thing to realize is that PCE is not simply CPI translated into another index
The BEA builds PCE using a mix of CPI, PPI, and other source data. For the monthly core PCE estimate, the biggest pieces traders watch are: From CPI: Many consumer-facing services and goods, particularly housing/rents, medical services, transportation services, recreation, education, and various other consumer services. CPI gives analysts an early