FlowBank

61 days ago • Posted by Paul de La Baume

#PCE comes softer than expected #inflation #stocks #macro #Fed #trading

Markets are buoyant with recovering risk sentiment since Fed Chair Powell's speech last night in which he emphasized the Fed will be careful not to overtighten and will likely slow down the pace of rate hikes. US PCE, the Fed's favorite gauge of inflation came softer than expected, increasing the likelihood that the Fed will 'pivot' sooner than later, given the recent data that points towards a decelerating pace of inflation. 

#Stocks
bg_newsletter