More on fading US inflation

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Goldman kicks us off with the weak PCE:

KEY NUMBERS:

PCE price index +0.34% (mom) for October vs. GS +0.37%, median forecast +0.4%, prior revised +0.34%
PCE price index +6.02% (yoy) for October vs. GS +6.03, median forecast +6.0%, prior revised +6.27%
Core PCE price index +0.22% (mom) for October vs. GS +0.25%, median forecast +0.3%, prior +0.46%
Core PCE price index +4.98% (yoy) for October vs. GS +4.98%, median forecast +5.0%, prior revised +5.18%
Personal spending +0.8% for October vs. GS +1.0%, median forecast +0.8%, prior +0.6%
Personal income +0.7% for October vs. GS +0.6%, median forecast +0.4%, prior +0.4%
Initial claims 225k for the week ended November 26 vs. GS 245k, median forecast 235k, prior revised 241k
Continuing claims 1,608k for the week ended November 19 vs. median forecast 1,570k, prior 1,551k

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.