Core PCE for March came in at 1.6%. The last time core PCE was at or above 2% year-over-year was April 2012.
The streak would be at 102 months (!!!) except for a 4-month period at the beginning of 2012.
2% is not really an inflation target at all, it is a hard ceiling.
Submitted May 01, 2017 at 08:40AM by nrps400 http://ift.tt/2qoJg7U
