PCE inflation index comes in under expectations

PCE inflation index comes in under expectations

This morning the PCE inflation index was released, which showed the latest inflation numbers coming in slightly under expectations.

Especially following Jerome Powell's comments yesterday that the reduction in the pace of the Federal Reserve's interest rate hikes could begin as soon as the December meeting, this latest data furthers that notion that the Fed will raise rates by 50 basis points rather than 75 at the next meeting.

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