Inflation Alert! Bureau Economic Analysis (BED) data shows Consumers & Governments Embark on Epic Spending Binge!
The PCE price index (the Fed's barometer for inflation and insists is going back to 2%) increased 4.9% in the first quarter of 2023, compared to +4.4% in the 4th quarter of 2022.
Source: https://www.bea.gov/sites/default/files/2023-04/gdp1q23_adv.pdf
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