The U.S. core Personal Consumption Expenditures (PCE) price index increased by 0.2% month-over-month and 2.8% year-over-year in November, matching market forecasts. This measure excludes food and energy prices and is the Federal Reserve's favored inflation gauge. The data suggests inflation remains under control, supporting the Federal Reserve's current monetary stance.
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US November Core PCE Inflation Climbs 0.2% MoM as Expected, Aligning with Fed Targets
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