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IPFS News Link • Economy - Economics USA

Savings Rate Plunges As Spending Soars; Inflation Slows As Govt Wage Growth Nears Record High

• by Tyler Durden

However, while the YoY data slowed, Core PCE rose by 0.3% MoM - the biggest MoM jump in four months.

Services inflation excluding housing and energy accelerated to 0.4%, from 0.1% in the prior month.

The overall PCE price index, meanwhile, rose 0.4%, bolstered by higher energy prices.

Even more focused, is the Fed's view on Services inflation ex-Shelter, and the PCE-equivalent shows that it is slowing/trending lower but very much still stuck at high levels (and rose a large 0.4% MoM)..