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Dallas Fed October trimmed mean PCE price index +3.4% vs +4.3% prior

Dallas Fed October trimmed mean PCE price index +3.4% vs +4.3% prior
  • Prior was 4.3%
  • August reading was +6.0%

In the span of two months, this indicator has nearly been cut in half. Note that it's one-month annualized, so it's not like inflation is falling, it's the pressures are declining. However for inflation to get back to target, this will need to run close to 2% for many months.

This article was written by Adam Button at forexlive.com... Read More
Posted: Dec 1 2022, 20:19
Author Name: forexlive
Views: 110737

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