​Fed’s Favorite Inflation Indicator Hotter Than Expected In September – Tyler Durden

Fed’s Favorite Inflation Indicator Hotter Than Expected In September The Fed’s favorite inflation indicator – Core PCE – printed hotter than expected in September  (+2.7% vs +2.6% exp), flat with August’s 2.7% rise… Source: Bloomberg The headline PCE rose 0.2% MoM, which dragged down YoY PCE to +2.1% – its lowest since Feb 2021… Source: Bloomberg On a MoM basis, PCE appears to be accelerating with Durable Goods and Services costs picking up… Source: Bloomberg And finally, the so-called SuperCore PCE (Services Ex-Shelter) rose 0.3% MoM leaving the YoY cange ‘sticky’ at around 3.2%… Source: Bloomberg Personal Incomes rose 0.3%…  — Continue at ZeroHedge News : Read More