![Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street](https://wolfstreet.com/wp-content/uploads/2023/07/US-PCE-inflation-2023-07-28-core-yoy.png)
Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street
![Jason Furman on X: "The inflation data from PCE--which is what the Fed focuses on--were much better for August than the CPI data. We now have three unambiguously good months in a Jason Furman on X: "The inflation data from PCE--which is what the Fed focuses on--were much better for August than the CPI data. We now have three unambiguously good months in a](https://pbs.twimg.com/media/F7MeT-mXYAAojD8.png)
Jason Furman on X: "The inflation data from PCE--which is what the Fed focuses on--were much better for August than the CPI data. We now have three unambiguously good months in a
![Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street](https://wolfstreet.com/wp-content/uploads/2023/07/US-PCE-inflation-2023-07-28-Core-mom-6mma.png)
Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates | Wolf Street
![Personal Consumption Expenditures Price Index, Excluding Food and Energy | U.S. Bureau of Economic Analysis (BEA) Personal Consumption Expenditures Price Index, Excluding Food and Energy | U.S. Bureau of Economic Analysis (BEA)](https://www.bea.gov/system/files/pce-price-index-excluding-food-energy_0.jpg)
Personal Consumption Expenditures Price Index, Excluding Food and Energy | U.S. Bureau of Economic Analysis (BEA)
![Nick Timiraos on X: "Core inflation was 2.2% in August using a three-month annualized rate The core PCE price index rose 0.14% in August from July Six-month annualized rate: +3.0% 12-month rate: + Nick Timiraos on X: "Core inflation was 2.2% in August using a three-month annualized rate The core PCE price index rose 0.14% in August from July Six-month annualized rate: +3.0% 12-month rate: +](https://pbs.twimg.com/media/F7MZ6pVXoAA31hi.png)