Page 4 - Core Pce News Today

Let us start with the good news because there isnt much of it. The PCE index rose by 5% from the year before, slightly below expectations. Core PCE, the Feds preferred inflation measure which excludes the volatile categories of food and energy, rose by 4.6%, a tick below Januarys acceleration to 4.7%.

UBS' global chief economist thinks core PCE inflation will drop to 2.1% this year, calling for a Fed monetary policy pivot as early as July.

The Federal Reserves preferred measurement of inflation continued to cool off in November, providing yet another welcome indication that this period of painfully high prices has peaked.

Goldman sees supply chain improvements, labor-market rebalancing, and increasing supply in the rental market contributing to lower inflation.

Food and gas prices are still painfully high. But this could be the worst of pandemic-era inflation.

Although one reading isn’t considered a trend,it may be suggesting that inflation has plateaued.

Although the Core PCE may have eased slightly, it is still a cause for concern for the Fed at such an elevated level.

The headline print was -1.4% QoQ vs an expectation of +1.1% QoQ and a Q4 2021 reading of +6.9% QoQ!

>> ashley: key inflation gauge hitting a 40-year high, soaring, put president biden refuses to accept blame after declaring his economy is working. >> todd: if he could blame cheryl casone, he would. who know fist he has, he may have. >> cheryl: my brother still plames me for things wrong in her house and ive been out for a long time. good morning. inflation rearing its ugly head. federal reserve says a key number hit a 40-year high. when you strip out food and energy, core pce, what the fed lik...

As the Fed continues to catch up with the rest of the markets in realizing that inflation is indeed high, it now has another data point to refer to, Core PCE.