As mentioned on our Space this morning, here’s the Services PCE ex Housing & Energy that is the latest indicator cited by Chair Powell as key for motivating further tightening. Not much improvement in November vs the last few months. pic.twitter.com/VllAgoKo7J
— Bespoke (@bespokeinvest) December 23, 2022
BREAKING: NOVEMBER PCE DATA SHOWS INFLATION AT 5.5%, DOWN FROM 6.1% IN OCTOBER.
Core inflation came in at 4.7%, in-line with expectations of 4.7%.
— The Kobeissi Letter (@KobeissiLetter) December 23, 2022
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