Yawning PCE gaps lead to low inflation
The monthly US PCE report is one of my favourite. US consumption is not just a bit part of the
Tag: PCE
enough (PCE) inflation to taper?
We’re now on the run into the September FOMC meeting. The key report will be this Friday’s non-farm payrolls report
US Consumption turns up — inflation remains low
There have been many false dawns in the US recovery, but — at risk of calling the next one —
The US non-inflation problem
The January PCE report suggests that it remains way to early for the FOMC to be looking for the exit.
