Fed’s Favorite Inflation Indicator Refuses To Show Any Signs Of Runaway ‘Trump Tariff’ Costs
Before we all get too excited, bear in mind that this is November’s data – so still horribly stale (and also missing October’s data point entirely) – but it’s all we have for now, so let’s dive in…
The Fed’s favorite inflation indicator – Core PCE – rose 0.2% MoM (as expected), which leave it up 2.8% YoY (as expected), slightly lower than September’s +2.9%…
Source: Bloomberg
Bear in mind that this morning’s third look at Q3 GDP printed a +2.9% YoY for Core PCE.
Under the hood, the biggest driver of Core PCE remains Services costs – not tariff-driven Goods prices…
Source: Bloomberg
In fact, on a MoM basis, Non-durable goods prices saw deflation for the second month in a row…
Source: Bloomberg
Headline PCE rose 2.8% YoY (es expected), stubbornly refusing to show any signs of runaway Trump tariff costs…
Source: Bloomberg
The closely-watched SuperCore PCE rose 0.2% MoM which ticked up the YoY rise to 3.1%…
Source: Bloomberg
After surging in October, November saw Financial Services & Insurance and Healthcare cost inflation slow…
Source: Bloomberg
Meanwhile, amid rising prices, Americans’ spending outpaced incomes once again…
Source: Bloomberg
…with wage growth slowing for all:
-
Private worker wages and salaries: 4.1% YoY, down from 4.5%, lowest since June 2025
-
Govt work wages and salaries 2.6%, tied for lowest since March 2021
All of which dragged the savings rate down to its lowest since Nov 2022…
TL/DR: While this data is admittedly stale, it shows no signs of 1) tariff-driven inflation or 2) a slowing consumer.
Tyler Durden Thu, 01/22/2026 – 10:12
Source: https://freedombunker.com/2026/01/22/feds-favorite-inflation-indicator-refuses-to-show-any-signs-of-runaway-trump-tariff-costs/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,774,267,652 |
| Stories: | 8,578,734 |
Whistler Blowers, Insiders
