News about inflation

Core PCE inflation over the last 3 months was a 4.4% annual rate. That is higher than any time from Nov 1990 to Mar 2021. Yes, there were special factors, seasonal issues, etc. But there were also special factors & seasonal issues at various times in those previous 30 years.

Core PCE inflation, annualized rates: 1 month: 3.9% 3 months: 4.4% 6 months: 3.0% 12 months: 2.8% pic.twitter.com/fnoRWNhW6W

🇺🇸#Inflation: Moderate monthly momentum & not as hot as feared in March ✅ 🟡Headline PCE prices +0.32% m/m 🟡Core PCE prices: +0.32% m/m 🎯Moving toward 2.5% inflation plateau: ⤴️Headline inflation +0.2pt to 2.7% ↔️Core inflation flat 2.8%: low since Mar '21 pic.twitter.com/L4EouLOlN8

Bonds rally as Fed’s preferred #inflation metric not as bad as feared. PCE deflator rose to 2.7% in March from 2.5% in Feb vs 2.6% expected. Core PCE, the Fed's preferred measure of underlying price pressures, remained at 2.8%, compared w/an anticipated fall to 2.7%. First full… pic.twitter.com/LxaZTkntcL