US PCE Inflation - 2024-06-27
Date:
Friday, June 28, 2024
Summary:
The Fed's preferred measure of consumer inflation confirms the measure the rest of us use -- disinflation continues, reversing the false-alarm of the first quarter. Powell's pet "supercore" falls to a 5-month low, challenging the year-end low. Goods inflation prints even lower than its CPI counterpart, in outright deflation.