US December Core PCE Inflation Data Expected at 2.9%
The Federal Open Market Committee’s key inflation gauge will be released tonight, with economists forecasting a slight rise from November’s 2.8%.
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Terms & Concepts
Core PCE Price Index: A measure of U.S. consumer inflation that excludes food and energy prices, used by the Federal Open Market Committee to guide monetary policy.
Federal Open Market Committee (FOMC): The policy-making body of the U.S. Federal Reserve that sets interest rates and guides monetary policy.