When most investors think about inflation, they think about the Consumer Price Index. But for the Federal Reserve’s decisions on interest rates, another government report looms larger: the Personal ...
The January core PCE data spiked by 0.5%, after the revision - that's significant. The February core PCE confirms that inflationary pressures are building. Thus, the Fed is unlikely to cut in June, ...
The Bureau of Economic Analysis (BEA), has just released its estimate for February 2024 US Personal Consumption Expenditures (PCE). Also known as “Personal Spending,” PCE directly accounts for over 60 ...
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