RenMac: Renaissance Macro Research(@RenMacLLC):In July 2025, 12-month core PCE ran 0.2ppt below core CPI. Today, it is running 0.7ppt above core CPI. Either the Fed has a PCE inflation target or it doesn't. Saying "we have a task force for that" for the next four months probably won't cut it.

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RenMac: Renaissance Macro Research@RenMacLLC

2026.08.11 12:41

In July 2025, 12-month core PCE ran 0.2ppt below core CPI. Today, it is running 0.7ppt above core CPI. Either the Fed has a PCE inflation target or it doesn't. Saying "we have a task force for that" for the next four months probably won't cut it.