The Federal Reserve’s favored inflation metric, the personal consumption expenditure (PCE) price index, rose for the second month in a row as persistent price pressures continue to affect the central bank’s monetary policy strategies.
According to the Bureau of Economic Analysis (BEA), annual PCE inflation rose to 2.4 percent in November from 2.3 percent in October. Economists had expected PCE inflation to rise to 2.5 percent.
