Core PCE includes food (split between line 9 and line 19), and fuel (line 11).
These are things you can easily google. The composition of the PCE, CPI, and other metrics is public information and publicly documented.
> The Fed only sees no inflation regardless of the inflation we see all around us.
Both CPI and PCE are both up slightly in the past year. Both are measures of inflation and clearly indicate slightly higher prices.
Wrong.
"The "core" PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices."
https://www.bea.gov/help/faq/518
> Both CPI and PCE are both up slightly in the past year. Both are measures of inflation and clearly indicate slightly higher prices.
Sure, if you consider 1.5% PCE and indication of inflation. By your definition, 0.1% PCE would indicate inflation. But in reality, the target PCE is 2.0%. The numbers that the Fed are using to dictate policy indicate that inflation is not high enough, and yet the evidence of asset inflation is irrefutable.
https://www.bea.gov/data/personal-consumption-expenditures-p...
Why are you trying to spread misinformation? What's in it for you?
I can say the same thing with you. Why are you spreading false claims about inflation? But such discussions go nowhere pretty fast. As such, I'll take my leave with you. If you have no faith in my discussion points, there's no point continuing.
My final words: the suggestion that the Fed ignores energy prices / food prices is ridiculous at face value. Its listed right there in the statistics and well categorized in the statistics they watch.
Except everywhere it states clearly they exclude it.