PCE data is live! Here's what we're seeing:
- PCE (MoM): 0.3% actual vs 0.3% expected
- PCE (YoY): 2.8% actual vs 2.9% expected
- PCE Core (YoY): 3.1% actual, matching expectations
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This data suggests inflation is relatively stable, with core PCE holding steady at 3.1% year-over-year. The Fed's preferred gauge is showing signs of persistence, which might impact future interest rate decisions ..