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New data reveals a slight cooling in U.S. inflation rates for November, with the PCE and Core PCE indices both falling short of forecasts.
PCE Price Index showed a year-over-year increase of 2.4%, undercutting the expected 2.5% and slightly above last month's 2.3%. Core PCE, excluding volatile food and energy prices, rose by 2.8% annually, below the anticipated 2.9% and consistent with the previous month.
Month-to-month figures also indicated a slowdown: PCE growth was only 0.1%, missing the 0.2% prediction and down from last month's 0.2%. Core PCE similarly grew by just 0.1%, against an expected 0.2% and down from 0.3% last month.
USD and yields should moderate now
And that with the anticipation of the rate cut that just happened. Likely another rate cut then, at the next meeting.
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As long as it's not negative it's not below my expectrations!
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