How Financial Services, a Market Plunge in April, and a Historic Cliff-Dive by Recreation Services Messed with PCE Inflation Today. But a Snap-Back Cometh

Outside of two heroes that pushed down the overall indices, there isn’t anything benign about this PCE inflation data. By Wolf Richter for WOLF STREET. The PCE price index, released today by the Bureau of Economic Analysis, was benign. The overall PCE price index and the core PCE price index…