​Fed’s Favorite Inflation Indicator Hottest Since April, Govt Handouts Continue To Soar – Tyler Durden

Fed’s Favorite Inflation Indicator Hottest Since April, Govt Handouts Continue To Soar The Fed’s favorite inflation indicator – Core PCE – rose less than expected on a MoM basis (+0.1% vs +0.2% exp), but on a YoY basis, Core PCE rose from 2.6% to 2.7% (in line with exp) – the highest since April… Source: Bloomberg The headline PCE did fall to +2.2% YoY – the lowest since March 2021… Source: Bloomberg So-called SuperCore PCE re-accelerated in August to +3.29% YoY… Source: Bloomberg Both income and spending rose less than expected in August (income smallest MoM rise since Jul 2023…  — Continue at ZeroHedge News : Read More