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US November PCE data remains stable; the Federal Reserve is expected to keep interest rates unchanged next week
GateNewsBot
ChainCatcher News reports that the PCE inflation indicator favored by the Federal Reserve performed in line with expectations in November. The latest data shows that the US core PCE price index increased by 0.2% month-on-month and 2.8% year-on-year in November. Due to delays caused by the government shutdown, these figures reflect the situation in November of last year. Although the PCE is the inflation measure preferred by the Federal Reserve, the timeliness of the report may lead officials to pay less attention to this data. The Federal Reserve appears to be prepared to keep interest rates unchanged at next week’s policy meeting.
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