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Open original source ↗Remind me again why more cut rates are needed?
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Based on the CPI and PPI for December, economists estimate that core prices in the PCE advanced 0.38% (give or take) in December, which would push the 12-month rate to 3.0% (from 2.8% in Sept, Oct and Nov). This would be the highest y/y core PCE since Feb 2025 https://t.co/qLzRcXFtyx
NickTimiraos ↗