Finish line in sight? The U.S. core personal cons
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Posted On: 12/30/2023 5:01:57 AM
Finish line in sight?
The U.S. core personal consumption expenditures price index rose just 0.1% for November. Compared with a year ago, it was up 3.2%, 10 basis points less than expected. On a six-month basis, core PCE increased 1.9%, under the U.S. Federal Reserve’s 2% goal — indicating that if current trends continue, the Fed has essentially reached its inflation goal.
The U.S. core personal consumption expenditures price index rose just 0.1% for November. Compared with a year ago, it was up 3.2%, 10 basis points less than expected. On a six-month basis, core PCE increased 1.9%, under the U.S. Federal Reserve’s 2% goal — indicating that if current trends continue, the Fed has essentially reached its inflation goal.
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