Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates
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Housing, finance, insurance, recreation, other services jumped in June from May. Energy plunged 28% year-over-year, but also jumped in June from May.
This is roughly what happened in June compared to May: Prices of motor vehicles, and of durable goods overall, fell in June from May. But gasoline prices rose in June from May, after plunging for seven months in a row. And…
This story from wolfstreet.com was posted on 2023-07-30 by @riversong.