US Economics_ Inflation Weekly – Softer November core PCE
CESI·2024-12-26 03:07
23 Dec 2024 08:58:42 ET │ 13 pages US Economics November core PCE inflation at 0.11%MoM was notably softer than the 0.18% we had been penciling in. There has been some more difficulty than usual over the last year pinpointing the seasonal adjustment for airfares in PCE data. This again helped to explain the divergence between final core PCE and our forecast, with airfares falling more than we expected. We continue to expect weaker airfares in PCE than in CPI over the coming months. Some other components wer ...