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U.S. Q4 Core PCE Inflation Holds at 2.9% Year-on-Year

The Federal Reserve’s preferred inflation gauge remained unchanged from the prior quarter, exceeding market expectations of 2.6%.

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Terms & Concepts
  • Core PCE: Core Personal Consumption Expenditures price index, the U.S. Federal Reserve's preferred inflation measure excluding volatile food and energy prices.
  • Y/Y: Year-over-year, a comparison of data from one period to the same period in the previous year.
  • Federal Reserve: The central banking system of the United States responsible for monetary policy, financial stability, and regulation of banks.