Fed’s preferred inflation gauge in November was lower than expected, but remains elevated

The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.

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https://www.foxbusiness.com/economy/feds-preferred-inflation-gauge-cooled-november

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Fed’s preferred inflation gauge in November was lower than expected, but remains elevated

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