Here is a snapshot of August percentages...
The PPI continues to remain a bit high, imo. It is considered the forerunner of future retail pricing, which in turn... impacts the CPI.
As for the C.O.L.A. outlook...
There is a strong chance of 3.6%, based on the energy increases and expected weightings. I am anticipating something between 3.6% and 3.7% for the September CPI. That figure will abruptly change the discussion of the PCE slipping in August and replaced by renewed inflation worries.
I read where the Treasury is preparing to purchase long term bonds, to keep the lid on bond rates. The figure announced is a mere pittance, imo. It won't take long for the market to see through the mist.
This Treasury purchase should not be confused with any FED QE, as I mentioned in this post, from earlier this month.
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