The US Core Personal Consumption Expenditures (PCE) Price Index for November rose by 2.8% year-over-year, matching market expectations. Personal spending in the US for November increased by 0.5%, also in line with forecasts. These data points suggest inflation and consumer spending are stable as anticipated by economists.
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US November Core PCE Inflation and Personal Spending Meet Expectations at 2.8% and 0.5% Respectively
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