"Core" PCE, which excludes the volatile food and energy categories, grew 3.7% in September from the year-earlier period, down from a revised 3.8% in August
The CPI is a false signal. Adjusting it by comparison with other, superior measures, shows that it overstates inflation by 1-2%. We ve already reached the Fed s 2% target
The latest figures show that inflation has been "tamed." In fact, they signal that deflation may be looming. Hard to tell – because the std economic models are broken.
The Federal Reserve's preferred inflation metric grew at its slowest monthly pace since late 2020 and has investors increasingly betting there won't be another interest rate hike this year.