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Core Inflation For August Falls To 1.3% YoY, Lowest Since 2015 (Home Prices Growing at 6.25% YoY)

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Federal Reserve Chair Janet Yellen kept saying that 2% inflation was just around the corner, then recently proclaimed that 2% inflation might not be attained for 2 years.

Core inflation for August fell to 1.3% YoY while MoM core inflation fell 0.1%. Both below expectations.

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Core PCE Prices YoY are the lowest since 2015.

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Real personal spending fell -0.1% MoM, in line with expectations.

Want more than 2% inflation YoY? Try adding some home prices!!! Like the FHFA Purchase-only home price index YoY which is growing at 6.25% YoY.

hoisinginf

Here is Fed Chair Janet Yellen preparing for her next career as a fortune teller.

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