US Inflation Report to Show Fed’s Battle Is Now All But Complete

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The Federal Reserve's primary inflation rate, the core PCE price index, slid to a 2% annualized rate in the third quarter, new Commerce Department revisions revealed on Thursday. The surprisingly tepid inflation data come ahead of Friday's release of November inflation data that economists expect to be equally tame, if not more so. The data sent the S&P 500 higher and the 10-year Treasury yield lower.

The fall in inflation to the Fed's 2% target in Q3 on an annualized basis even amid strong economic growth helps explain why policymakers are beginning to worry less about an inflation resurgence.

https://www.investors.com/news/economy/federal-reserve-key-inflation-rate-just-hit-2-percent-sp-500-rallies-as-rate-cut-odds-grow/

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Inflation falls for first time since 2020, PCE finds

The numbers: The rate of U.S. inflation based on the Federal Reserve’s preferred PCE index fell in November for the first time since 2020 and indicated that price pressures continue to subside.

The PCE index dipped 0.1% last month, the government said Friday. Inflation was also unchanged in October.

The increase in inflation over the past year slowed again to 2.6% from 2.9% in the prior month, marking the lowest level since February 2021.

https://www.marketwatch.com/livecoverage/pce-report-for-november-s-p-500-futures-slip-ahead-of-inflation-data/card/inflation-falls-for-first-time-since-2020-pce-finds-Nr5Vu4fkPVeTpVdEkDdx?mod=home-page