Meanwhile, the PCE Price Index held steady on an annual basis in December, remaining at 2.6%. The monthly data aligned with expectations, showing a 0.2% increase compared to the previous reading of -0.1%. #USPCE #InflationData #EconomicIndicators #ConsumerSpending #PriceIndex #EconomicStatistics

In December, US Personal Spending data saw a 0.7% MoM increase, surpassing expectations, which anticipated the data to remain unchanged from the previous period. PCE core inflation registered at 2.9% YoY, slightly below the expected 3.0%. On a monthly basis, it met expectations at 0.2%, showing an increase compared to the previous month. #USPCE #InflationData #EconomicIndicators #ConsumerSpending #PriceIndex #EconomicStatistics