The next PCE report is out today. What will it say about inflation?
The Federal Reserve’s preferred measure of rising prices is set to show that Inflation continues its downward trendsupports the narrative that the central bank may soon ease in its fight against rising prices.
The core personal consumption expenditures price index is expected to grow 4.4% year-on-year in December, based on consensus estimates by economists surveyed by FactSet, down slightly from the previous year. with 4.7% growth in November. On a monthly basis, the index is forecast to increase 0.3%. This index, also known as the core PCE deflation, measures the prices US consumers are paying for goods and services, excluding food and energy.