Was the Closely Watched Core PCE Deflator Disappointing?
Rising Inflation
Photo by Engin Akyurt on Unsplash.com
Yes, it was a disappointing outcome! Unfortunately, things are likely to continue getting worse for several more months.
The core PCE (i.e., the personal consumption expenditure deflator excluding food and energy), rose by 4.7% on a year-over-year basis versus market expectations of a 4.5% rise in November 2021. It…
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