Some Relief on Fed’s Favorite Inflation Measure; Powell Says The Clock is Ticking on Preventing Sustained High Inflation

The Fed’s favorite inflation gauge came in this week. The PCE rose 0.2% in May but fell 0.5% when inflation was considered. Personal incomes were a similar story as well. They rose .5% but after being adjusted for inflation the number was down 0.1% while prices continued rising in May at a clip of 0.6%. This was cut in half when food and fuel prices were excluded. Encouragingly, the indicator without food and fuel included declined for the third consecutive month.  There has been a decel...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In