PCE inflation stays above target through Nov.
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The Commerce Department's delayed November PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target rate.
December's Consumer Price Index comes out on Tuesday, giving markets and economists fresh data on how hot inflation is running. While the December data makes progress in clearing up the fog that resulted from the government's 43-day shutdown,
US inflation held steady at 2.7% in December, with shelter and food costs rising as markets bet the Federal Reserve will keep rates unchanged.
Core inflation, which excludes the more volatile costs of food and energy costs and is considered a better indicator of trends in price growth, held steady last month Core CPI inflation measured 2.6% year over year in December.
The narrative surrounding both headline and core inflation figures has altered dramatically over the past month. Click here to read what investors need to know.