Despite the headline CPI running at 5 1/2 percent in June and July, the 12-month trimmed mean PCE which excludes outliers is reported for June and July at 2 percent, and its monthly annualized rate fell from 3.1 percent in May to 2.4 percent in June, returning to 3.2 percent in July.
Nothing contributes so much to the prosperity and happiness of a country as high profits