Fed’s Most-Watched Inflation Indicator Ticks Up In October – Still Well Below Mandate

The Fed’s most-watched inflation indicator – Core PCE – has been on a downward trend since short-term peaking in January (and yet the need to keep hiking rates has remained). However, October’s 1.4% rise (as expected) offers some hope to Janet, Jay, and their friends that an inflection point has been reached in the transitory disinflationary spiral.

This post was published at Zero Hedge on Nov 30, 2017.