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The Cleveland Fed's median PCE inflation rate released earlier Friday also signaled a stepdown in underlying inflation with the month-over-month figure increasing 0.2% in August, down from 0.3% in November. The year-over-year figure moved down to 5.4% from 5.8%.
Source: Dallas Fed
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The Cleveland Fed's median PCE inflation rate released earlier Friday also signaled a stepdown in underlying inflation with the month-over-month figure increasing 0.2% in August, down from 0.3% in November. The year-over-year figure moved down to 5.4% from 5.8%.
Source: Dallas Fed