The Significance of PCE Report Amid Holiday Market Thinning
Friday, 29 March 2024, 12:18
Market Impact: Rare PCE Report During Holiday Market
Today, amidst a holiday-thinned market, the crucial PCE report is due. This report holds the potential to confirm or challenge prevailing inflation trends. Federal Reserve officials are closely watching this release, considering its implications on the inflation narrative.
Powell's Insights on Inflation:
- January CPI and PCE numbers high, potential seasonal impacts
- February data exceeding expectations, yet remains below anticipated levels
- Inflation trajectory towards two percent with occasional bumps
The consensus on Core PCE today is +0.3%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.