Updated on January 31, 2025 10:11:56 AM EST

This morning’s inflation readings in December’s Personal Income and Outlays report pretty much pegged expectations. The overall Personal Consumption Expenditures (PCE) index rose 0.3% last month while the more important core reading rose 0.2%. On an annual basis, the overall rose 0.2% from November’s 2.4% yearly rate and the core reading held at November’s 2.8%. All four numbers are exactly what analysts were expecting to see. These are so influential on the markets because they are the Fed’s preferred gauge of inflation. That said, today’s news doesn’t appear to alter predictions that the Fed will hold their wait and see approach before again adjusting key short-term interest rates.
More...

First Name	Last Name
Phone	Zip Code
Email Address