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Cooling inflation
Last Friday’s latest inflation reading gave investors hopes that cooling price pressures will lead the Fed to cut interest rates as early as September.
According to the latest PCE index, inflation in May slowed to its lowest annual rate in more than 3 years. That’s definitely a good news for the Fed.
According to the latest PCE index, inflation in May slowed to its lowest annual rate in more than 3 years. That’s definitely a good news for the Fed.
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razo2 : this is not true. this clearly shows that PCE is lagging by a lot. last CPI reading oil is at 75. today oil is back at 82. it will show in the MoM reading sooner or later. that is why the market is doubtful about the federal government, heck even some of the new members are doubtful of themselves.
Cow Moo-ney OP razo2 : Yes. Don’t believe in everything you see, even salt looks like sugar