PCE Index Shows Stability – Here’s Why That’s a Dangerous Myth

Fed’s PCE Report: The Soothing Numbers That Should Scare You The latest Personal Consumption Expenditures (PCE) index. This data underscores the Fed PCE inflation deception, released by the Commerce Department, reveals the following: Headline PCE Inflation rose 0.2% in November, marking a 2.8% annual increase—above the 2.7% expected. Core PCE Inflation (excluding food and energy) also increased 0.2%, holding steady at 2.8% year-over-year. Goods prices rose 1.4%, barely moving since September. Durable goods (big-ticket items like appliances and cars) saw a 1.2% increase, up from 1% in October. Services inflation is alarmingly high: 3.4% year-over-year. Personal savings rate dropped to 3.5%, the lowest in three years. Consumer spending is rising despite stagnating income, fueled by gains in stock market wealth—not…