U.S. Core PCE Inflation Matches Expectations in November

The U.S. core Personal Consumption Expenditures (PCE) inflation index for November aligned closely with expectations. According to ChainCatcher, the latest data indicates a 0.2% month-on-month increase and a 2.8% year-on-year rise. These figures reflect the situation from last November due to delays caused by a prolonged government shutdown. Although the PCE is a favored inflation measure by the Federal Reserve, the timing of the report may lead officials to place less emphasis on this data. The Federal Reserve appears poised to maintain interest rates unchanged at next week's policy meeting.