PCE figures: US underlying inflation steady

01 March 2019

 

One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at 2.0% in July, the annual rate then slipped a little and then hovered around 1.9% until the end of 2018. The latest figures have now been published by the Bureau of Economic Analysis as part of the December personal income and expenditures report....

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