Inflation Galore Now: Fed Started Rate Cuts At The Low Point 6 Months Ago, Just As Inflation Began To Resurge
Source: SeekingAlpha
2025-03-29 00:05:00 ET
Summary
- Core PCE price index jumps MoM by most in 13 months on non-housing services.
- Recreational services blow out.
- Durable goods continue its 6-month trip out of deflation.
The inflation measure released today – the PCE price index favored by the Fed as a yardstick for its inflation target – dished up another surprise....
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Inflation Galore Now: Fed Started Rate Cuts At The Low Point 6 Months Ago, Just As Inflation Began To Resurge
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