#PCEInflationWatch

Thae latest PCE inflation report highlights the Fed,s quandary. Inflation finishes 2024 well above Fed,s 2% targrt, PCE shows. Rates cuts on hold. PCE inflation rate resed to 2.6% in Dec .

Core PCE, which excludes volatile food & energy prices , rose to 2.8% year on year , as forecast, and in line with november,s reading.