US PCE Inflation - 2025-02-27

PCE inflation is weighted differently than CPI, and the January numbers today look a lot better. At 2.51% and 2.65%, headline and core CPI fall sequentially, nearing the 2.0% target. Sudden deceleration in services inflation helps Powell's "supercore" measure. At 3.08%, it's the lowest it has been in this whole disinflationary cycle.