The Dallas Fed Trimmed Mean PCE for October showed the annualized rate of inflation at 4.2%, a slowdown from the extreme 4.9% in September but still elevated. The Federal Reserve favors the trimmed mean as it excludes the most extreme price changes in consumer goods and services each month. Looking out longer term , the six-month view annualized rate rose to 3.3% from 3.0%. The 12 month estimate rose to 2.6% from 2.3%. The numbers are lower than the traditional … Continue reading “Dallas Fed October Trimmed Mean PCE Falls For The Month But Still Higher on Year”