PCE inflation stays above target through Nov.
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The Commerce Department's delayed November PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target rate.
December's Consumer Price Index comes out on Tuesday, giving markets and economists fresh data on how hot inflation is running. While the December data makes progress in clearing up the fog that resulted from the government's 43-day shutdown,
Canada’s inflation held at 2.2% in November, below expectations, as higher food prices were offset by slower services growth, Statistics Canada said Dec. 15. Core measures cooled, with the Bank of Canada’s preferred gauges easing to 2.8% year over year ...