Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates

This is roughly what happened in June compared to May: Prices of motor vehicles, and of durable goods overall, fell in June from May. But gasoline prices rose in June from May, after plunging for seven months in a row. And services prices bounced off on hot inflation in housing, finance & insurance, recreation services, and other services...