RSS US PCE data - "core inflation didn't print low enough to prevent a January Fed pause"

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 RSS US PCE data - "core inflation didn't print low enough to prevent a January Fed pause"

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Bank of Montreal found support for a Federal Reserve rate cut cycle pause in the PCE data released on Friday last week.

ICYMI, data and analysis links in here:


BOM, meanwhile:

  • On the inflation front Core-PCE came in ... 0.115% unrounded, and the lowest since May
  • the second lowest monthly gain over the last year
  • Overall, it was a round of data that was consistent with the more benign inflation profile that appears to be emerging in Q4.
  • However, core inflation didn't print low enough to prevent a January Fed pause.

(bolding is mine)

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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