US December PCE core inflation +4.4% vs +4.4% expected

• Prior was +4.7%
• PCE core MoM +0.3% vs +0.3% expected
• Prior MoM +0.2%
• Headline inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term PCE +5.0% vs +5.5% prior
• Deflator MoM +0.1% vs +0.1% prior

Consumer spending and income for November:

• Personal income +0.2% vs +0.2% expected. Prior month +0.4%
• Personal spending -0.2% vs -0.1% expected. Prior month +0.1%
• Real personal spending -0.3% vs +0.0% prior

Under the covers of this report, the Fed might not like seeing services inflation up 0.7% m/m. That's counteracted by a 1.0% decline in goods prices, including -2.3% in durable goods. Powell has expressed worry about core services inflation remaining high and said that's why they plan to hike to 5.00-5.25% and stay there.

The US dollar is a tad softer on the data, perhaps as the market focuses on the softening spending metrics as a forward-looking indicator of a weakening economy.