Wolf Richter: Fed's Lowest Lowball Inflation Measure "Core PCE" Spikes Further. Highest 3-Month Rate since 1982
By Wolf Street / July 30, 2021 / marketsanity.com / Article Link
Powell recently admitted that there was nothing temporary or transitory in the current inflation: That loss of the purchasing power of the dollar is permanent. Prices won't go back to where they were