The article analyzed discusses the latest data on inflation in the United States, particularly focusing on the Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve’s preferred inflation gauge. Here are three highlights from the article:
1. In November, the PCE price index showed a minimal increase of 0.1% from October, resulting in an annual inflation rate of 2.4%, slightly below the Dow Jones estimate of 2.5%.
2. The core PCE index, which excludes food and energy prices, also increased by 0.1% monthly and was 2.8% higher from a year ago. This core reading is considered a better gauge of long-run inflation trends by Fed officials.
Editorial content by Avery Redwood
