Dallas Fed December trimmed mean PCE price index +2.6% annualized

<ul><li>Prior was +1.5% (revised to +1.6%)</li><li>Six-month trimmed mean 2.6% vs 2.0% PCE</li></ul><p>This is a one-month measure that's annualized. It's a popular measure from Fed officials and it runs against the narrative of inflation rapidly falling to target.</p><p>Prescription drug prices down 4.2% were cut from the mean while homes up 5.8% were also trimmed out. One of the bigger drivers to the upside that was kept in the index was in purchased means along with hotels.</p>

This article was written by Adam Button at www.forexlive.com.