US PCE Deflator YoY 0.4% vs. +0.4% est. Core 1.3% vs. 1.3% est

MoM for November 0.0% vs. 0.1% est. Core MoM 0.1% vs. 0.1%. Personal spending and Personal income rose by 0.3% each.

US PCE deflator data came in largely as expected. The YoY measures for the headline and the more relevant core were as exected at +0.4% and 1.3% respectively. The Fed is targeting an inflation rate of 2.0%. Both measures – needless to say – have a ways to go.

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