US November core PCE rises 0.2% MoM, meeting forecasts

The U.S. core Personal Consumption Expenditures (PCE) price index for November rose 0.2% month-over-month and 2.8% year-over-year, both in line with market expectations, according to the Bureau of Economic Analysis (BEA). The core PCE index, which excludes volatile food and energy prices, is the Federal Reserve's preferred measure of inflation.