So core PCE, the Fed's main indicator, jumped to 3% YoY, way above expectations with a hot 0.4% added in December.
What most however don't realize is that this 3% YoY does NOT yet include any upward revisions for October and November which were artificially low because of the shutdown.
What will most likely happen is that when hard data for those months will come in, like credit card spending which always has couple of months of delay, they will very likely revise at least one of those months upwards, which means YoY could easily move beyond the 3.0% in the next print.