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Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High
Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High
The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose o.4% MoM in January (in line with expectations) with YoY rising by 3.1% (as expected), slightly higher than the 3.0% in December...
Source Bloomberg
That is the highest YoY Core PCE since March 2024.
The headline PCE rose 0.3% MoM (as expected) driving prices up 2.8% YoY (down from December's +2.9%...
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