Supercore inflation rose 4.7% in June; Fed’s 2% target unmet for 39 months. Fight against inflation continues.
The Fed’s fight against inflation is still not over: Supercore inflation CPI increased by 4.7% year-over-year in June, slightly down from 4.8% in May. Supercore inflation is an important gauge that the Fed follows which includes Core services less housing. Despite the first… pic.twitter.com/iJoeD9yv1z — The Kobeissi Letter (@KobeissiLetter) July 31, 2024 Supercore Inflation: This …