Fed's Favorite Inflation Signal Slows As Savings Rate Hits 1-Year High

31 March 2023

The Fed’s favorite inflation indicator – Core PCE Deflator – was expected to remain ‘sticky’ at 4.7% (but instead it came in modestly lower at 4.6% YoY – lowest since Oct 2021). Headline PCE fell to 5.00% – lowest since Sept 2021…

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