The Core Personal Consumption Expenditure Price Index, aka Core PCE, stands at a level of 1.4% y/y in February. higher than 1.3% in January. Last week, we learned that the general Core CPI also moved up, and stands at 1.7% y/y.
While this is not steaming hot inflation in any way, it provides yet another sign that in one of the Fed’s mandates, everything is A-OK.
Read the rest of the article Fed favorite inflation figure ticks up to 1.4% – focus remains on jobs