This morning, we learned that core PCE inflation—which excludes volatile food and energy prices—was 0.2 percent in October on a monthly basis and 3.5 percent over the past year. That means that since core PCE inflation peaked at 5.6 percent in February 2022, it has fallen by 2.1 percentage points; headline PCE inflation is down…
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![White House News: Disinflation Explanation: Supply, Demand, and their Interaction | CEA - The White House](https://www.robinspost.com/newslogos/sources/en/english-google-news-overlay.php?src=https://www.whitehouse.gov/wp-content/uploads/2023/11/figure-1-5.png&cat=whitehouse.gov&nsrc=www.whitehouse.gov&file.jpg)
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