The 12-month overall PCE & core PCE price indices, which the Fed uses for its target, are worse than a year ago. By Wolf Richter for WOLF STREET. Inflation is in services, where it accelerated further, even in the inflation index that the Fed prefers, the PCE Price Index released today by the Bureau of Economic Analysis, though Powell has been denying it …
Read More »Inflation Is in Services despite Powell’s Denials: PCE Price Index for Core Services Accelerated Further. Durable Goods Prices Fell for 2nd Month
