PCE inflation data - the Fed's key core inflation gauge rose 0.273% on the month, better than the 0.3% rounded figure provided by the Bureau of Economic Analysis. The core 12-month inflation rate rose to 2.877%, not quite to 2.9%. Both hit expectations. Rate cuts coming. Market dumps.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
PCE inflation data - the Fed's key core inflation gauge rose 0.273% on the month, better than the 0.3% rounded figure provided by the Bureau of Economic Analysis. The core 12-month inflation rate rose to 2.877%, not quite to 2.9%. Both hit expectations. Rate cuts coming. Market dumps.