Video: Macro Minute: Nov Core PCE details show softer inflation than +0.16% MoM and easier comps mean Core PCE YoY could fall 50bp in the next 3 months

Video: We discuss how the details of Nov Core PCE were encouraging.  Hospitals and Financial services represented half of the +0.16% MoM rise.  Financial services is linked to rising stock prices and if that is captured in Core PCE, we wonder if this is really inflation.  The YoY could fall as much as 50bp over next 3 months due to easier comps as well.

Please click here to view our Macro Minute (duration: 4:19).

https://vimeo.com/1157411347/5bd0c3aa4e?share=copy&fl=sv&fe=...

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