From Wolf Street, September 29:
The Bureau of Economic Analysis has adjusted its Personal Consumption Expenditure data going back to Adam and Eve as part of its “comprehensive update of the National Economic Accounts.” With these adjustments, the new versions of the PCE price index, the “core” PCE price index, and the “core services” PCE price index were revised higher across this bout of inflation. In other words, inflation has been hotter.
The revised PCE price index accelerated to 3.5% in August, from the revised 3.4% in July. The old version’s July reading had come in at 3.3%.
The new version’s June was raised higher to 3.2%, from the old version of 3.0%. The new version’s peak in June 2022 was revised higher to 7.12%, up from 6.98% for the old version. The chart shows the new revised index through August in red and the old data through July in green:
....MUCH MORE
Also at Wolf Street, October 3: "20-Year Treasury Yield Spikes to 5.13%. Yield Curve Gets Ready to Uninvert. Juicy Yields Tempt, but Bloodbath May Not Be Over"