Summary: US core PCE price index up 0.2% in December, as expected; annual rate slows to 2.9%; ANZ: soft goods prices offsetting higher services prices; Treasury yields rise; Fed rate-cut expectations for 2024 soften; ANZ: services prices firm over December quarter. 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 the time...