Buried in the gross domestic product report released Thursday were two new measures of inflation — and they both seem to be showing that the disinflation trend is continuing.
The Commerce Department for the first time reported price indexes for PCE excluding food, energy, and housing, and PCE services excluding energy and housing. The government said it was breaking out the information based on requests from data users. Federal Reserve officials including Chair Jerome Powell say they are closely looking at inflation trends…
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