Home News Fed’s Favorite Inflation Indicator Holds at Seven-Month High

Fed’s Favorite Inflation Indicator Holds at Seven-Month High

December 20, 2024

The Fed’s favorite (until it starts rising) inflation indicator – Core PCE – printed cooler than expected for November (+0.1% MoM vs +0.2% MoM exp) which held it steady at +2.8% YoY (below the expected 2.9%) – tied for the highest since April…

[…] However, Headline PCE rose to +2.4% from +2.3% – its highest since July…

[…] Durable (and non-durable) Goods Deflation has all but evaporated now…

[…] The so-called SuperCore – Core Services Ex-Shelter PCE – rose 0.16% MoM leaving the index up 3.51% YoY (steady at its highest since April)…

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