Fed’s Favorite Inflation Indicator Holds At 7-Month High

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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…

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Source: Bloomberg

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…

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https://www.zerohedge.com/markets/feds-favorite-inflation-indicator-holds-7-month-high