PCE Beats Estimates: Dec 20, 2024

November PCE came in slightly better than estimates at 0.1% versus 0.2% MoM and 2.4% versus 2.5% expected but higher than October’s 2.3%.

All told, the print took a little pressure off futures, which are still down about 0.5% as we approach the open. Note that ES has nearly reached our 5852 target.

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