Fed's Favorite Inflation Indicator Prints Hotter-Than-Expected As Savings Rate Plunges
April 26, 2024 at 10:02 AM EDT
Both the headline and core PCE Deflator data printed hotter than expected (+2.7% vs +2.6% exp vs +2.5% prior and +2.8% vs +2.7% exp vs +2.8% prior respectively).
