Fed's Favorite Inflation Indicator Tumbled In June, But Wage Growth Reaccelerated
Fed’s Favorite Inflation Indicator Tumbled In June, But Wage Growth Reaccelerated One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed dramatically from +4.6% to +4.1% YoY in Jue (slightly cooler than the 4.2% exp ). Headline PCE fell back to +3.00% (from +3.8%) for the first time since March 2021… Source: […]
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