US PCE Price Index YoY (Dec) Y/Y 2.9% vs. Exp. 2.8% (Prev. 2.8%, Low. 2.7%, High. 2.9%)

US PCE Price Index YoY (Dec) Y/Y 2.9% vs. Exp. 2.8% (Prev. 2.8%, Low. 2.7%, High. 2.9%)

The December PCE Price Index showed a year-over-year increase of 2.9%, slightly above the expected 2.8%. This could suggest ongoing inflationary pressures, possibly influencing the Fed's outlook on monetary policy and interest rates as it confirms that inflation remains a concern, rather than indicating a cooling trend.