PCE Data Released: Steady at 2.9% - What's Next for Markets?

ððïž Investors faced a mix of both newly released and somewhat stale data on Thursday.
ð¯ Beginning with the PCE price index, the Fedâs preferred inflation gauge from Powellâs team showed price growth aligning almost perfectly with consensus expectations for November.
âïž As projected, overall prices advanced 0.2% in the secondâtoâlast month of 2025âslipping from Octoberâs 0.3% increaseâand held steady at 2.8% on an annual basis. The yearâoverâyear reading came in 0.1 percentage point warmer than the prior month.
ð·Turning to laborâmarket indicators, 200,000 Americans filed initial unemployment claims last week, essentially flat versus the previous weekâs 199,000 and coming in 10,000 below economist projections.
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