Evidence of residual seasonality in the core PCE deflator means there is a risk that core price pressures will rebound in the new year. That said, the residual seasonality is concentrated in core goods, which have been falling in price this year, suggesting that this is not a serious threat to future rate cuts.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.