this post was submitted on 20 Dec 2024
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Economics

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Key Fed inflation measure shows 2.4% rate in November, lower than expected (www.cnbc.com)
submitted 4 weeks ago by MicroWave to c/economics
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KEY POINTS

  • The PCE price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October and a 2.4% annual rate, both below expectations.
  • Excluding food and energy, core PCE also increased 0.1% monthly and was 2.8% higher from a year ago, with both readings being 0.1 percentage point below the forecast.
  • Personal income rose 0.3%, short of the 0.4% estimate. Personal expenditures increased 0.4%, one-tenth of a percentage point below the forecast.
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[–] [email protected] 1 points 4 weeks ago

Just in time for the Republicans to take credit.