btw: good numbers only wound up sending shares lower — the JanuaryPersonal Consumption Expenditures (PCE)report out this morning is the most highly anticipated print of the week. And the pre-markets like it: the Dow went from +190 points ahead of the print to +230 after, the S&P 500 do...
This monthly report offers advance import and export data on the goods components of the monthly trade report. The consensus for goods trade looks for a deficit of $104.5 billion in October, down from a wider than expected $109.0 billion in September. 8:30 AM Jobless Claims New unemployment ...
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The producer price report came after Wednesday's Consumer Price Index for January was much higher than expected, leading traders to price in fewer rate cuts this year. Futures traders are now pricing in around 33 basis points of cuts by December, up from 29 basis points before Thursday's ...
Today’s scheduled Fedspeak shouldn’t be too impactful unless touching on PCE after appearances earlier this week. 0840ET –Daly(’24) on CNBC, likely overshadowed by the PCE report just 10 minutes earlier. She said Jun 24 that it’s “very clear” monetary policy is restrictive and that...
In a broader sense, there hasn’t been any progress on inflation since May (black box in the chart below), with the Fed’s favored inflation measures well above its 2% target, confirmingthe Fed’s pivot this week to a wait-and-...
The focus for this week shifts to employment as the market awaits the release of several key job reports. The April JOLTS data and May employment reports will provide insights into the health of the labor market and by extension, the overall economy. On Wednesday, we will learn if job o...
“So, what we what we have here is an economy that's doing quite nicely, but inflation still is a bit of a problem and the fact that the core rate continues to stay somewhat elevated.” “It’s a concern, and that means that the Fed could pause next week.” ...
The monthly Personal Consumption Expenditures Price Index Report, or PCE Report, helps gauge the strength of the consumer sector of the economy. This is known as the Federal Reserve's favorite inflation metric and can influence market watchers' expectati
Friday's inflation report did have at least one detail suggesting inflation at least might not be headed in the wrong direction in the long term. Core inflation, which excludes volatile prices for food and energy, did not accelerate but rose 2.8% over the year, the same as in November. On...