U.S. November PCE data stable, Fed expected to maintain interest rates next week

According to Jinshi reports, the PCE inflation indicator favored by the Federal Reserve performed in line with expectations in November. The latest data shows that the U.S. core PCE price index rose 0.2% month-on-month and 2.8% year-on-year in November. Due to the delayed release of data caused by the government's prolonged shutdown, these figures reflect the situation from November of last year. Although PCE is the inflation measure preferred by the Federal Reserve, the timeliness of the report may lead officials to pay less attention to this data. The Federal Reserve seems prepared to maintain interest rates at next week's policy meeting.