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U.S. PCE Inflation Holds at 2.8% as Spending Keeps Economy Expanding

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Source: CNBC
U.S. PCE Inflation Holds at 2.8% as Spending Keeps Economy Expanding
Photo: CNBC
TL;DR

U.S. personal consumption expenditures price index rose 0.2% in November, leaving inflation at 2.8% for both headline and core (October was 2.7%), with energy costs up and food flat. Personal income rose modestly, while spending climbed 0.5% in October and November. The saving rate edged up to 3.5% in November. GDP growth for Q3 was revised to 4.4%, and jobless claims remain near two-year lows, signaling continued spending resilience. Investors expect the Fed to hold rates at the upcoming meeting, with futures pricing in up to two rate cuts later this year.

Topics:businesseconomy#bea-data#consumer-spending#economy#fed-policy#gdp-growth#pce-inflation
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  1. Fed's main gauge shows inflation at 2.8% in November, edging further away from target  CNBC
  2. Consumer Prices Rose 2.8 Percent Through November, a Sign of Sticky Inflation  The New York Times
  3. Prices ticked up in November as Americans keep spending, a key inflation measure shows  AP News
  4. Inflation Meets Estimates as Economic Growth Revised Upward | Personal Finance | U.S. News  US News Money
  5. PCE Inflation Meets Expectations. Fed Is Likely to Hold Rates Next Week.  Barron's

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