Editor’s Note
The latest US inflation data shows the Core PCE Price Index, the Federal Reserve’s preferred gauge, came in hotter than expected in December. This key reading will likely influence the central bank’s policy path as it continues its fight against persistent price pressures.
US December Core PCE Price Index Exceeds Forecasts
The US December Core Personal Consumption Expenditures (PCE) Price Index, announced at 22:30 Japan Time on the 20th, came in at +3.0% year-on-year, exceeding expectations.
Economic Indicators
• US December Core PCE Price Index: +3.0% YoY (Forecast: +2.9% YoY, November: +2.8%)