The PCE price index increased by 0.1% in November, with a similar 0.1% rise when excluding food and energy.
Real disposable personal income (DPI) grew by 0.2%, while real personal consumption expenditures (PCE) rose by 0.3%. Goods prices climbed by 0.7%, and services prices increased by 0.1%. Compared to October, the overall PCE price index saw a 0.1% rise in November, with goods prices increasing by less than 0.1% and services prices by 0.2%. Food and energy prices both rose by 0.2%, and excluding these categories, the PCE price index still showed a 0.1% uptick.
Year-over-year, the PCE price index for November rose by 2.4%. Over the same period, goods prices fell by 0.4%, while services prices increased by 3.8%. Food prices were up 1.4%, and energy prices decreased by 4.0%. Excluding food and energy, the PCE price index experienced a 2.8% annual increase.
Source: Bureau of Economic Analysis
Fed Signals, Inflation Data, and Global Trends Reshape Market Dynamics (23 - 27 December)The dollar index hit a two-year high of 108.5 on hawkish Fed signals but eased after core PCE prices rose just 0.1% in November, sparking hopes for disinflation.
Christmas and New Year HolidaysWe wish to inform you of adjustments to the trading conditions for the following instruments during the Christmas and New Year holidays.
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