The inflationary move we predicted is now well underway.
There are numerous inflation measures but the one the Fed primarily focuses on is the Personal Consumption Expenditures Deflator, or PCE Deflator. That metric hit 2.3% year over year in July. Well above the Fed’s 2% inflation target.
That chart is in a STRONG uptrend.
The other inflation measure the Fed focuses on is the Core Personal Consumption Expenditures or Core PCE. That metric hit 2% year over year in July… right smack on the Fed’s target rate of 2%.
Here again, we see a VERY strong uptrend underway.
