New York Fed's Measure Of 'Inflation Persistence' Nixes Idea That YoY PCE Inflation Cooled

2025-03-04 04:45:00 ET

Summary

• The game of inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.
• The YoY MCT accelerated to 2.86% in January, from 2.63% in December, the worst increase since March 2024.
• Housing is no longer the driver of this inflation at the moment.

Just briefly here because it's an interesting twist by the New York Fed on Friday's PCE inflation reading: it nixes the idea that year-over-year PCE inflation is cooling....

Read the full article on Seeking Alpha

For further details see: