Nov Core PCE +0.17% another "tame" inflation report. Dec 2022 PCE tracking to 4.2%, massive schism between Fed "dot plot" forecast of 4.8%.

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November PCE inflation report (today) was another tame inflation with Core +0.17% MoM, a second consecutive tame PCE report and adding to the constellation of "soft" CPI and PPI reports.

We continue to view 3M annualized CPI or PCE as a better metric for inflation trends3M annualized Core PCE collapsed to 3.63% vs 5.23% in Oct and set to fall to ...

We publish on a 3-day a week schedule:

SKIP MONDAY <– Christmas
SKIP TUESDAY
SKIP WEDNESDAY
THURSDAY <- Change of Schedule
SKIP FRIDAY

November PCE inflation report (today) was another tame inflation with Core +0.17% MoM, a second consecutive tame PCE report and adding to the constellation of "soft" CPI and PPI reports.

We continue to view 3M annualized CPI or PCE as a better metric for inflation trends3M annualized Core PCE collapsed to 3.63% vs 5.23% in Oct and set to fall to ...
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