Inflation Persists in Services Despite Rate Cuts and Stable Yields
TL;DR
Inflation is rising in the US services sector, with the PCE Price Index showing acceleration, despite Fed Chair Powell's claims to the contrary, while durable goods prices continue to decline, reflecting changing consumer behavior and market conditions.
- Inflation Is in Services despite Powell’s Denials: PCE Price Index for Core Services Accelerated Further. Durable Goods Prices Fell for 2nd Month Wolf Street
- Charting the Global Economy: US Consumers Keep Fueling Growth Bloomberg.com
- Inflation held steady in August, in line with economist forecasts CBS News
- 10-year Treasury yield holds steady after core inflation reading of 2.9% CNBC
- Inflation remains elevated. That won't keep the Fed from cutting rates. Politico
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