23 Dec 2021 Core PCE Inflation Rose Again in November, Peaking in February

Ian Shepherdson (Chief Economist and Founder)22nd Dec 2021 15:19U.S., Daily Monitor

Core PCE probably hit a 32-year high in November, but it has further to rise before peaking in February.
Core capital goods orders are rising, but higher inflation is eating into the gains in real terms.
Upside risk for November new home sales, given the sustained surge in mortgage applications.

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