The rebound in core PCE inflation over recent months in part reflects sharp increases in administered payments for hospital services that will be repeated later this year. A revival in healthcare inflation comes at exactly the wrong time for the Fed, with signs that broader price pressures are picking up too.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services