US PCE Inflation - 2023-07-27
Date:
Friday, July 28, 2023
Summary:
June PCE inflation comes in at 2.97% year-on-year, exactly matching June CPI. Funny, for pretty much the first time in history, the Fed's preferred measure of inflation isn't registering lower than CPI. That said, PCE goods prices are now in outright deflation. And Powell's super-secret "super core" is at its lowest reading in 11 months.