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Today's PCE report will indicate how tough the Fed's job is going to be

After the comments from Powell yesterday, the implied odds of a 75 bps Fed hike on Dec 14 have fallen to just 9% but that number could bounce back if today's PCE inflation number is high and tomorrow's non-farm payrolls are strong.

The PCE report is due out at the bottom of the hour and expected to show core prices up 5.0% y/y along with a 0.3% m/m gain. Included are consumption data that will be relevant as well and re expected to show a 0.8% rise.

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Posted: Dec 1 2022, 13:21

Author Name: forexlive

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