US PCE Price Index MoM (Dec) M/M 0.4% vs. Exp. 0.3% (Prev. 0.2%, Low. 0.2%, High. 0.4%)

US PCE Price Index MoM (Dec) M/M 0.4% vs. Exp. 0.3% (Prev. 0.2%, Low. 0.2%, High. 0.4%)

The US PCE Price Index for December came in at 0.4% month-over-month, beating expectations of 0.3%. This stronger-than-anticipated inflation data could indicate persistent price pressures, prompting the market to reassess the Fed's policy stance and likely affecting expectations for future interest rate hikes.