Inflation Alert! PCE inflation in the past 12 months was 5% with a 0.2% rise in October. In his speech yesterday, JPow stated: โCore inflation often gives a more accurate indicator of where overall inflation is headedโ
Source: https://www.bea.gov/news/2022/personal-income-and-outlays-October-2022
The PCE Price Index Excluding Food and Energy, also known as the core PCE price index, is released as part of the monthly Personal Income and Outlays report. The core index makes it easier to see the underlying inflation trend by excluding