Dallas Fed trimmed mean PCE price index +3.4% vs +3.9% prior | Forexlive

• November core inflation ran at an annualized pace of 3.4% vs 3.9% prior

There’s a lively debate about where US inflation will settle: At the 2% target or a stubbornly high 4%. This metric is already running below 4% after hitting 7.2% in June, so that’s a good sign but it will take awhile to get where it needs to be consistently. The 12 month trimmed mean fell to 4.6% from 4.7%.

Looking through the data, I have to imagine that ‘pleasure boats’ won’t be an inflationary impulse for much longer.