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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Dallas Fed's trimmed mean PCE inflation rate again moved lower in December to 4.42% over the 12 months from a peak of 4.75% in August.
The one-month annualized rate slowed to 2.34% in December from 3.00% the prior month, while the six-month annualized inflation rate slowed to 3.84% from 4.64% in November. The portion of components rising faster than a 10% rate was almost 14% in December, down from 18% in November and 35% in September. Officials have cited the Dallas Fed's trimmed mean measure as one of the best indicators of underlying inflation.
(See: MNI INTERVIEW: Fed May Pause When Core Prices Fall Under 3.5%)
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
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.