PCE figures mark end of low inflation period

30 July 2019

 

One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at 2.0% in mid-2018, the annual rate then hovered in a range between 1.8% and 2.0% through to the end of 2018 before dropping in the first quarter of 2019. Since then, the annual rate has stayed around 1.5%.  The latest figures have now...

read full story