The US PCE price index increased 5.5% year on year in November. The growth rate was in line with expectations, lower than the previous value of 6%; the US core PCE price index in November increased 4.7% year on year. The growth rate was slightly higher than the expected value of 4.6%, but it was also lower than the previous value of 5%. The data shows that although the trend of easing inflation in the US continues, it is far from reaching the level of moderation where the Federal Reserve is seeking to suspend interest rate hikes. It is expected that while inflation continues to be high, the Federal Reserve will continue to raise interest rates next year until inflation and inflation expectations reach a level that is comfortable for the Fed.