Global marketsUpdated Yesterday

Diane Swonk expects hotter underlying services inflation in the coming PCE report.

Bloomberg reports that KPMG Chief Economist Diane Swonk sees price increases broadening across goods and services after inflation ran hotter than expected for a third consecutive month. She cited hotels, airfares, furniture and entertainment, with used cars a notable exception. Swonk expects the coming PCE report to show even hotter underlying services inflation.

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