The economy is slowing, there are possibilities of a recession on the horizon. And it looks like Inflation is finally cooling.
Two main measures of inflation are showing how price gains are slowing down, Hope writes.
Axios Closer By Hope King and Nathan Bomey · Dec 01, 2022
- New today: The Fed’s preferred measure, the Personal Consumption Expenditures index, rose 0.3% in October, the same rate as in August and September.
- It was 0.2% when volatile energy and food costs are removed, down from 0.5% in the last two months.
- Meanwhile, the Consumer Price Index published a few weeks ago showed a sharp deceleration in monthly core inflation, from 0.6% in September to 0.3% in October.