US PCE inflation heads towards 2% target

STANLIB Podcasts
04/12/2023 7 min
US PCE inflation heads towards 2% target

Listen "US PCE inflation heads towards 2% target"

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Episode Synopsis

In this podcast, STANLIB Chief Economist Kevin Lings discusses US PCE inflation for October and SA’s private sector demand for credit. Although US PCE inflation, at 3%, remains above the target of 2%, the data is moving in the right direction. However, shelter inflation needs to fall further. In SA, demand for credit in October softened to 3.9%, partly because of slow growth in mortgages, but it is a matter of concern that credit card demand is growing by 9%.

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