Dallas Fed December trimmed mean PCE price index +2.6% annualized ...Middle East

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Dallas Fed December trimmed mean PCE price index +2.6% annualized
source : forex live ( Middle East ) () 12
Prior was +1.5% (revised to +1.6%)Six-month trimmed mean 2.6% vs 2.0% PCEThis is a one-month measure that's annualized. It's a popular measure from Fed officials and it runs against the narrative of inflation rapidly falling to target.Prescription drug prices down 4.2% were cut from the mean while homes up 5.8% were also trimmed out. One of the bigger drivers to the upside that was kept in the index was in purchased means along with hotels. This article was written by Adam Button at www.forexlive.com.

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