What is the current spread between core CPI and core PCE as mentioned in the text?
U.S. PCE Price Index Rises 1.6% in December

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1.
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2.
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What factors contribute to the discrepancy in inflation indicators?
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3.
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How does the text describe the current inflation situation in the United States?
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4.
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What expectations does the market have regarding inflation according to the text?
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5.
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What are the implications of rising wages on the economy as discussed in the text?
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