"PCE Inflation Eases Below 3% for First Time Since Spring 2021"
TL;DR
The Core PCE inflation rate has risen at its slowest pace since spring 2021, with a mild 0.2% increase in December. The Dow has gained following the release of this key PCE data, which comes after the S&P 500 achieved its fifth record close of 2024.
- Core PCE inflation rises at slowest rate since spring 2021 MarketWatch
- 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
- PCE, a Key Inflation Measure, Cooled in December The New York Times
- Fed Is 'Getting Lucky' on PCE Data, Pimco's Wilding Says Bloomberg Television
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