The latest data on the US Core PCE Prices for the fourth quarter of 2023 shows a slight dip from the previous indicator. The core PCE price index, closely monitored by the Federal Reserve as a measure of inflation, has dropped to 2% from its previous level of 2.1%. This change reflects a moderation in price pressures in the US economy during the last quarter of 2023.
The updated figures, released on 28th March 2024, indicate that the inflationary momentum cooled off slightly compared to the previous period. The Core PCE index is a key metric used by the Federal Reserve to gauge inflation trends and make decisions regarding monetary policy. The small decrease in the Core PCE Prices suggests a tempered inflation outlook in the US, providing insights into the overall economic conditions in the country.
