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Watch out for a hot headline PCE number

Watch out for a hot headline PCE number
Inflation and consumption are on the agenda today with the September US PCE report coming up at the bottom of the hour. There is good reason to think that the PCE price index will overshoot the +3.4% y/y and +0.3% m/m consensus. In yesterday's GDP report, the headline deflator at 3.5% was much higher than the 2.5% expected. Assuming economists are on the same page, that should be seen in the PCE report as well.Notably though, the more-important core PCE reading in the GDP report was slightly bel... Read More
Posted: Oct 27 2023, 12:15
Author Name: forexlive
Views: 112244

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