by Peter Schiff, Schiff Gold:

Energy prices have moderated and the price of some goods has dropped in recent months, but the cost of services continues to rise at a red-hot pace and is at the highest level since 1984.

As a result, the core personal consumption expenditures price (PCE) index rose by  4.6% year on year. This is yet another signal that the Federal Reserve is not anywhere close to winning the inflation fight.