Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years (Will This Lead The Fed To Hike Rates?)
by confoundedinterest17 Well, this might keep The Fed talking heads up at night. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. …