PCE inflation was a mixed bag in December
Our final PCE inflation reading of 2024 is a mixed bag:
Headline PCE is higher than we'd like, but core PCE is below 2%, right where we want it.
The old fashioned year-over-year measurement, which you shouldn't care about except that everyone else does, was 2.6% for headline PCE and 2.8% for core PCE. Not bad.
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