PCE inflation ticked up a bit in September, but the headline rate remains at a very solid 2.1%:
On a conventional year-over-year basis, headline PCE was 2.1% and core PCE was 2.7%. These are excellent numbers indicating, once again, that inflation is well under control.
Just the right environment for across the board tariffs, massive unfunded tax cuts for the wealthy and corporation, and deporting about 10 million undocumented people (after all, my granddaughters will be able to pick produce in their home state of CA in only 15 years from now).
Headline on the front page (online edition) of NY Times :
"Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah? "
Maybe because the NY Times keeps telling them to feel blah in article after article.