INFLATION IS PERKING UP AGAIN, WITH THE PCE UP 3.8% YEAR-OVER-YEAR AND THE CORE PCE UP 3.3%. THE LATTER IS OF LITTLE COMFORT TO ANYONE WHO BUYS GROCERIES OR GAS. THE INFLATION RATE HAS NOW BEEN ABOVE

INFLATION IS PERKING UP AGAIN, WITH THE PCE UP 3.8% YEAR-OVER-YEAR AND THE CORE PCE UP 3.3%. THE LATTER IS OF LITTLE COMFORT TO ANYONE WHO BUYS GROCERIES OR GAS. THE INFLATION RATE HAS NOW BEEN ABOVE THE FED’S 2% TARGET EVERY MONTH FOR 5 YEARS AS SHOWN IN THE INFLATION EXPECTATIONS CHART WITH DATA SOURCED FROM FMRCO AND BLOOMBERG BELOW. 🧵(1/2) — VIA @TIMMERFIDELITY

PCE at 3.8% and core at 3.3% both exceed Fed's 2% target for 5 years.