>>22124290I didn't know they were able to do this. Makes you question why the PCE is being released so much later, almost at the end of the month. Probably because there is the possibility of error in these calculations. But that does not seem to matter. The only thing that matters is ratecuts.
At least now they played their card and clearly revealed to be able to do so and that they will keep doing that for further pumps.
Nonetheless, CPI and PPI are way too high and even if PCE was to come in lower than assumed due to these CPI and PPI prints, there is the chance it becomes contageious and spreads over to PCE constituents.
I mean, what do they expect for the future, the CPI to come in at 3% and PCE at 2%? PCE is already always lower but not by this much.
>>22124291Say that again, in their faces.
