September 02, 2024 at 02:47PM
WSJ Fedwatcher Nick Timiraos is out with his latest and it’s upbeat on the disinflation process:
Decomposing the July PCE shows disinflation over the last three months continues to be relatively broad-based:
• sequential improvement for housing and nonhousing services
• continued deflation in goods
This article was written by Adam Button at www.forexlive.com.
Timiraos: PCE report shows disinflation ‘relatively broad based’