PCE DATA
Easing Inflation in June
Headline PCE prices: 0.1% m/m
Core PCE prices: +0.2% m/m
Moving toward Fed's 2% target:
Headline inflation -0.1pt to 2.5% yoy, IN-LINE with expectations. This is the lowest level since February '21 and down from 7.2% two years ago.
Core inflation is flat at 2.6% yoy, at the lowest level since March '21. This is slightly above expectations (2.5%), which is not such a big surprise as PCE data from yesterday's GDP report revealed a similar picture.
Headline PCE prices: 0.1% m/m
Core PCE prices: +0.2% m/m
Moving toward Fed's 2% target:
Headline inflation -0.1pt to 2.5% yoy, IN-LINE with expectations. This is the lowest level since February '21 and down from 7.2% two years ago.
Core inflation is flat at 2.6% yoy, at the lowest level since March '21. This is slightly above expectations (2.5%), which is not such a big surprise as PCE data from yesterday's GDP report revealed a similar picture.
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103270963 : What does this indicate?
Brianjh OP 103270963 : Inflation is easing/cooling down as expected. higher chance for fed to cut rate this September
LittleSoldier : They will not cut rates this year, it’s a lie!!!
They will continue to sell the public the idea that everything is great and there for no need for rate cuts, its a election year and if they cut rates it goes against their lie to their mindless followers!
Wait and see? If I’m right then think about who you vote for?
Laine Ford : I like that stock
Brianjh OP LittleSoldier : yes that is very possible as well. inflation is sticky and they might not cut till is near the 2% / 2+% level
LittleSoldier : Imagine that Fed Held interest rates!!!
Democrats are so fricken lame, how predictable!!!