PCE -- The Fed's Favorite Inflation Number -- November 27, 2024

Locator: 44436INFLATION.

Income: doubled. Solid number.

Spending: as expected, another strong number.

Real spending: also good.

Price index, m/m: in line.

Price index, y/y: in line. Okay, but not necessarily a great number.

PCE -- core, m/m: in line. Okay, but not necessarily a great number.

PCE -- core, y/y: in line. Okay, but not necessarily a great number. 2.8% vs 2.7% estimated.

What does the market think: three major indices might be slightly lower, but not particularly remarkable.

Sarah Eisen:

• in line
• inflation: 2.3%
• core: 2.8%
• it is what it is
• will the Fed still likely cut in December? Yes.
• economy doing well: healthy spending and income coming in double what was expected