The BEA’s core Personal Consumption Expenditures (PCE) Price Index for December shows core inflation is still above the Federal Reserve’s 2% long-term target at 2.9%. The December core Consumer Price Index (CPI) release was higher, at 3.9%. The Fed is on record as using core PCE data as its primary inflation gauge. For a closer [...] The post Two Measures of Inflation: December 2023 appeared first on ETF Trends .