Dallas Fed trimmed mean November PCE price index +1.8% vs +2.9%

• Prior was +2.9%

These are one-month annualized numbers so small changes led to swings like this. That said, the latest number is one-month running at a sub-2% pace, 11 more to go.

• 6-month annualized: 2.2% vs 2.3% prior
• 12-month: 2.7% unchanged