#PCEInflationWatch PCE Inflation Eases Slightly in November

The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred inflation gauge, rose 2.4% in November from a year ago, slightly below economists' expectations of 2.5%. This suggests inflationary pressures may be easing, though it remains above the Fed's 2% target. Core PCE inflation, excluding volatile food and energy prices, increased 2.8%, matching forecasts. While the report offers some hope, the Fed is likely to maintain a cautious approach, keeping interest rates steady as they assess further economic data. The PCE data will be crucial in shaping future monetary policy decisions.