Insights on the Recent Core PCE Data and Its Impact on Inflation Rates
Thursday, 29 February 2024, 20:55
Understanding Inflation Trends
As Nick Timiraos points out, the PCE data for 3, 6, and 12 months are all at or below 2.8%. Not too bad.
In January 2024, they were all above 4.8%. Not so good news is the core PCE (prior to April 2021) only came in above 0.42% two times since 1991 and not since October 2021. Today the core PCE rose by 0.4%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.