The Fed's Inflation Confidence Game

SOURCE www.breitbart.com
Inflation is rising, with the PCE price index showing an annualized inflation rate of 4.2% and core PCE inflation at 5.1%. Goods inflation has partially reversed, with durable goods prices rising for the first time since May. Services inflation is also on the rise, with the category excluding housing and energy showing a 7.4% annual rate of inflation.

Key Points

  • PCE price index shows 4.2% annualized inflation rate
  • Core PCE inflation at 5.1%
  • Goods inflation partially reversed with durable goods prices rising
  • Services inflation surged at a 7.4% annual rate

Pros

  • Detailed analysis of recent inflation data from the Department of Commerce
  • Insight into how inflation impacts Federal Reserve decisions

Cons

  • Potential concerns about rising inflation rates
  • Uncertainty about future inflation trends