August core inflation data from the Dallas Fed
- One month trimmed mean +1.5% (annualized)
- Six month PCE inflation +1.4% (annualized) vs 1.4% prior
- 12 month trimmed mean +1.6% vs 1.6% prior
There’s no acceleration here. This measure is getting increasing attention from the Fed, but I suspect that was back a few months ago when it showed the trend they wanted to see.