PCE

Traders are preparing for the release of the Personal Consumption Expenditure (PCE) price index data, widely regarded as the Federal Reserve’s preferred inflation measure, scheduled for Friday. The Bureau of Economic Analysis will release this key inflation indicator alongside data on...

Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, while raising heightened risks of a stock market sell-off as investors bet on the first Fed interest rate cut. Hartnett, known for his bold contrarian market views, reiterated...

Nobel Prize-winning economist Paul Krugman has consistently expressed optimism about cooling inflationary pressures. His recent declaration that the “inflation bump is over” was quickly followed by positive Personal Consumption Expenditure (PCE) data. What Happened: In a post on X...

To gain an edge, this is what you need to know today. Relief Rally Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has fallen into the...

Editor’s note: This story has been updated to reflect that personal income growth matched economist expectations in April. The Federal Reserve’s preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate...

The Personal Consumption Expenditure (PCE) price index report, commonly referred to as the Fed’s favorite inflation gauge, is set to be released on Friday and represents the critical data point of the week. This report is highly scrutinized by Fed policymakers to determine the direction of...

U.S. economic growth was downwardly revised in the first quarter of 2024 compared to the advance estimate, with a corresponding downward adjustment in inflation for the same period. At the end of March 2024, the annualized real gross domestic product (GDP) growth rate stood at 1.3% compared to the...

We saw a weak and overstated GDP print combined with a higher inflation metric. The conclusion is that absent government spending, we’re heading for stagflation. One problem:  government spending is destroying value. Mish Shedlock warns that we can’t vote our way out of the problem...

The Federal Reserve’s preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March, confirming concerning signs of a resurgence in inflationary pressures in the first quarter of the year. The higher-than-expected PCE report serves...

Investors eagerly await the release of the Personal Consumption Expenditure (PCE) price index report this Friday at 8:30 a.m. EDT. Also known as the Fed’s favored inflation metric, the PCE price index data holds significant importance in assessing broader price pressures felt by U.S....

Disinflationary forecasts have fallen out of favor recently, especially following three consecutive months of unexpected inflation increases. Yet, Goldman Sachs economist Jessica Rindels has made a bold call, predicting a downturn in the core Personal Consumption Expenditure (PCE) Inflation – the...

The monthly personal consumption expenditures (PCE) report Friday showed inflation rising in the month of February, which could impact the timing of future interest rate cuts by the Federal Reserve. Here's what Federal Reserve Jerome Powell said Friday about the latest inflation data — and what...

The headline annual inflation rate, as measured by personal consumption expenditures (PCE), rose to 2.5% in February as expected, up from 2.4% in January as personal spending came in unexpectedly high. While the monthly inflation rate, according to the Fed’s favored gauge of price increases,...

Editor’s note: This story has been updated with additional details and to reflect an upward revision to January’s core price index. Personal consumption expenditures, the Federal Reserve’s preferred measure of inflation, rose as economists expected in February, leaving markets...

Investors are gearing up for the release of February’s Personal Consumption Expenditure (PCE) price index, the most anticipated economic data this week, set to drop at 08:30 AM on Friday. This inflation metric – the preferred one by the Federal Reserve – plays a crucial role in shaping...