According to the US Bureau of Economic Analysis the annual Core PCE Price Index, the Federal Reserve’s preferred measure of inflation, fell to 4.4% from 4.7% in the same period, as expected by the market.
The Core (PCE) Price Index in the United States fell to 5% on an annual basis in December, down from 5.5% in November, .
Core PCE inflation and PCE inflation climbed 0.3% and 0.1%, respectively, on a monthly basis, while Personal Income climbed by 0.2% on a monthly basis in December, while Personal Spending decreased by 0.2%.
