Recap
Summary We pride ourselves on being among the closest in our forecasts / nowcasts of Core PCE, especially after receiving all of the relevant information from CPI, PPI, and import prices. January proved to be an uncharacteristic miss for us (8-9bps too high on Core PCE). We would be suspicious of
Summary The December PCE release came with very few surprises relative to our models, in what is a confusing schedule of data releases and one-off revisions. Core PCE was 1bp lower on a month-over-month basis for December relative to what we anticipated for this release (0.36% m/m realized