US PCE Inflation - 2023-09-28

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US PCE Inflation
Date: 
Friday, September 29, 2023
Summary: 

Powell's preferred inflation metric ("supercore") below target for the month, and on a year-on-year basis at its lowest level in 23 months. Core below target for the month, too, and only 16 bp above target for the quarter. Can't we please declare victory?