ity weakness Figure 10: DB core projections at the Core PCE 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 % yoy DB forecasts, Nov-15 to Dec-16 2016 FOMC projection for core PCE at 1.7 -5 -4 -3 -2 -1 0 1 2 3 4 5 2006 2008 2010 2012 2014 Source: FOMC 2016 Source: Deutsch