"US December PCE Core Inflation Slightly Below Expectations at 2.9% Y/Y"
TL;DR Summary
US December PCE core inflation came in at 2.9% y/y, slightly below the expected 3.0%, with PCE core m/m meeting expectations at +0.2%. Personal income rose 0.3% while personal spending increased by 0.7%, leading to real personal spending rising by 0.5%. The soft headline inflation number in yesterday's GDP data led to speculation about a downside miss on December headline PCE, but it was the core where there was a slight miss. Treasury yields have ticked up slightly in the aftermath, and both three-month and six-month annualized core and headline PCE are now below the Fed target.
Topics:business#consumer-spending#economics#federal-reserve#pce-core-inflation#treasury-yields#us-economy
- US December PCE core inflation 2.9% y/y vs 3.0% expected ForexLive
- Fed's favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago CNBC
- Fed's preferred inflation gauge falls below 3% for first time since March 2021 Yahoo Finance
- Fed’s favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago CNBC Television
- Is Inflation Above or Below 3% Now? It Depends The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
0 min
vs 1 min read
Condensed
44%
172 → 97 words
Want the full story? Read the original article
Read on ForexLive