The March PCE inflation stats were as expected and because they come a few weeks after the CPI is released, there is much less drama on this day, especially as it comes also after the PCE data seen for all of Q1 yesterday. The headline gain was one tenth m/o/m and 4.2% y/o/y. The core rate was higher by .3% m/o/m and 4.6% y/o/y. That core rate peaked at 5.4% in …
[Read more...] about Inflation, income & spending a non event/Wages, salaries up 2x pre Covid pace