Inflation, income, spending and other info on wage gains.

Jul 28, 2023

∙ Paid

June PCE rose .2% m/o/m both headline and core and that was as expected. The y/o/y gains are now 3% and 4.1% respectively. Slowing the headline was the 19% y/o/y drop in energy prices which we know is now reversing higher. Food prices were up 4.6% y/o/y and more to come in coming quarters if the rise in ag prices hold. Goods prices fell .6% y/o/y but co…

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