Deceleration remains the name of the game

When it comes to the Fed, PCEPI > CPI

The personal consumption expenditures price index’s (PCEPI) latest release came in Friday. December 23rd, and, what should be little surprise, it shows the same thing we are seeing everywhere else - deceleration of inflation. Specifically, the MoM print was almost flat at a 0.1% increase, down from the previous MoM increase of 0.4%. While we saw a 5.5% …