U.S. Inflation Not As Bad As Feared, But Still Too Hot
Eoneren By James Knightley US inflation remains hot, but not as hot as feared So the core PCE deflator has indeed come in at 0.3% month-on-month, with upward revisions to January and February, rather than the 0.48% MoM implied by the quarterly PCE deflator from yesterday, assuming no revisions. In the great scheme of things,…