Golden Finance reports that with the release of CPI and PPI data this week, economists can now very accurately predict December's crucial core PCE inflation data - the Federal Reserve's preferred inflation indicator. Forecasts have been coming in this morning suggesting core PCE price gains will be less than 0.2% in December: early forecasts range from 0.16% from Morgan Stanley to 0.19% from Pantheon Macro. These numbers would both keep core PCE inflation at an annual rate of 2.8%, unchanged from November. But the 3-month and 6-month trends will be moving in the right direction. Sam Tombs, an analyst at Pantheon Macroeconomics, said: "We continue to believe that core PCE inflation will decline slightly over the next two months, which provides support for the FOMC to ease policy at its meeting in late March."