Hotter Inflation Chills Stock Market- Ep 874
The Peter Schiff Show Podcast
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The Fed's Favorite Way to Measure Inflation
The personal spending number was much stronger than expected which obviously complicates the Fed's job to fight inflation because if people are spending more they're going to be driving prices higher. The year over year PCE it was supposed to rise by 4.9 instead it rose by 5.4 and the December number that was originally reported as up five was revised to being up 5.3 again not only are we hotter than expected but we're sequentially higher than expected.
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