Nick Timiraos, the Fed's mouthpiece, predicts that U.S. PCE inflation (core and overall) will rise 0.37% month-over-month in December (an annualized rate of 4.5%). This would bring the core PCE annual rate to 3.0%, the highest level since February 20

2026-02-20

Nick Timiraos, the Fed's mouthpiece, predicts that U.S. PCE inflation (core and overall) will rise 0.37% month-over-month in December (an annualized rate of 4.5%). This would bring the core PCE annual rate to 3.0%, the highest level since February 2025. The overall PCE annual rate is expected to be 2.9%, the highest level since March 2024.