Fed’s Favorite Inflation Indicator Hotter Than Expected In November
Not good news. ‘Twas the last trading day before Christmas and all through the market, not a trader was twitching… until today’s PCE print hits… The Fed’s favorite inflation indicator – Core PCE Deflator – printed slightly hotter than expected in November +4.7% YoY vs +4.6% exp (MoM was in-line at +0.2% after an upward […]
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