– Core PCE rose +1.9% year over year in June, just below the Fed’s target of 2%.
– We believe the current core PCE reading must be viewed in the context of stable prices, rather than runaway inflation.
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Source:
LPL Research, Bloomberg 08/09/18
Important Disclosures:
A tightening cycle is a period in which the federal funds rate increases.
The economic forecasts set forth in this material may not develop as predicted.
The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual security.
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