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Dallas Fed trimmed mean PCE price index +3.4% vs +3.9% prior
- November core inflation ran at an annualized pace of 3.4% vs 3.9% prior
There's a lively debate about where US inflation will settle: At the 2% target or a stubbornly high 4%. This metric is already running below 4% after hitting 7.2% in June, so that's a good sign but it will take awhile to get where it needs to be consistently. The 12 month trimmed mean fell to 4.6% from 4.7%.
Looking through the data, I have to imagine that 'pleasure boats' won't be an inflationary i... Read More
Posted: Dec 23 2022, 17:39
Author Name: forexlive
Views: 111555
