US Economy: Core PCE Cools to Slowest Pace Since May

The transcript discusses economic data, comparing forecasts with actual figures. It covers year-over-year performance, personal income, and spending trends. The significance of these numbers is highlighted, noting discrepancies in expectations and actual outcomes. Jay Powell's input and the importance of these figures for the Federal Reserve's targets are also discussed.

Why is the number mentioned by Jay Powell considered important?

What was the general sentiment about the forecasted numbers?