PCE

In December, we produced a version of the 5 Things titled “The Smart People Doing Smart Things Issue”. This time, we’re not so positive. This was a week of people being consistently wrong including Bitcoin bears who refuse to apply a consistent lens for their thesis when it...

Wall Street exhaled a sigh of relief as the Federal Reserve’s favored gauge of inflation cooled as anticipated in January, quelling fears that an unexpected rise in the Consumer Price Index (CPI) might spill over into the Personal Consumption Expenditure (PCE) price index. At noon in New York...

Thursday’s premarket trading session saw substantial upward momentum propelled by major tech stocks, laying the groundwork for a promising session for U.S. equity indices. This surge comes as the Fed’s preferred measure of inflation meets anticipated levels from last month, thereby...

The Federal Reserve’s preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – matched expectations in January, underscoring progress in the path to the 2% inflation target. Ahead of the release, traders had been leaning towards the likelihood of a Fed rate...

Stocks dipped modestly following a report indicating a marginal downward revision in the U.S. economic growth rate for the last quarter of the year. This slowdown was attributed to a revision in inventory figures, despite evidence of robust household spending and investment. The announcement...

This week’s economic spotlight shines on the highly anticipated release of the Personal Consumption Expenditure (PCE) price index for January, scheduled for Thursday. The significance of this index cannot be overstated, as it serves as the Federal Reserve’s preferred barometer for...

The Super-Duper Inconsistent Data Issue Every week in January, we’ve been pointing out the inconsistencies we see in macro-economic data. The trend becomes even more pronounced this week with contradictory insight on the economy being provided by the GDP report, the Fed’s preferred...

The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures price index, remained at its lowest level in nearly three years last month. The headline PCE inflation remained anchored at 2.6% on an annual basis in December, the Bureau of Economic Analysis said...

Inflation in the United States held broadly steady in December 2023, as the Federal Reserve’s preferred gauge, the Personal Consumption Expenditure (PCE) price index, remains at its lowest point since February 2021. The data, released Friday by the U.S. Bureau of Economic Analysis, matches...

As Wall Street wraps up another week, it stands on the brink of marking its 12th positive performance out of the last 13 weeks for both the S&P 500 and the Nasdaq 100. Additionally, the U.S. stock market is on track for the strongest three-month run since June 2020, the second strongest one...

The S&P 500 and Nasdaq 100 indices are on the verge of achieving an impressive eight consecutive weeks of gains following a more significant decline than expected in the Federal Reserve’s favored inflation gauge in November, the Personal Consumption Expenditures (PCE) price index. For the...

Personal Consumption Expenditures (PCE) index inflation dropped to its lowest point since March 2021 in November, reinforcing the market’s intensified expectations for multiple interest rate reductions in 2024. With the Federal Reserve’s preferred measure of inflation declining more...

The Federal Reserve’s preferred inflation gauge, measured by the Personal Consumption Expenditure (PCE) index, continues to cool down, fueling expectations of interest rate cuts in 2024. Friday’s Economic Digest: November PCE Report, Personal Income, Spending The headline PCE came in...

The Personal Consumption Expenditure (PCE) price index, known as the Fed’s preferred measure of inflation, slowed from 3.4% in September to an annual 3% rate in October, the Bureau of Economic Analysis said Thursday. This decrease aligns with economist projections and marks a return to June...

The Bureau of Economic Analysis is set to release the Personal Consumption Expenditure (PCE) index for October, a crucial inflation indicator closely monitored by the Federal Reserve, at 8:30 a.m. ET Thursday. The PCE index stands out as the Federal Reserve’s preferred gauge of inflation...