Savings Rate Tumbles To One-Year Lows As Fed's Favorite Inflation Signal Remains 'Sticky' High
Savings Rate Tumbles To One-Year Lows As Fed’s Favorite Inflation Signal Remains ‘Sticky’ High One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.9% YoY in August (its lowest since Sept 2021). Headline PCE jumped up to +3.5% YoY, its highest since May… Source: Bloomberg After 3 months of ‘deflation’, […]
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