Fed’s Favored Inflation Index, “Core PCE,” Stuck near 4.6% for Sixth Month, “Core Services” Stuck Near 38-Year High of 5.4%
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Month-to-month, durable goods prices rose again, on price spike of motor vehicles, after steep drops; services might be cooling a little. Energy plunged. The core PCE price index, which excludes food and energy products and is the inflation measure favored by the Fed, dipped in May to 4.62%, from…
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