US Inflation Comes In Better Than Expected — Are Markets Turning Optimistic Again?
Some encouraging news has just arrived from the US.
The latest PCE inflation numbers — the Federal Reserve’s preferred inflation gauge — rose less than economists expected. Headline PCE increased 0.3% month-on-month versus 0.4% expected, while core PCE rose 0.2%. :chatgpt-content-reference{index="0"}
That could take some pressure off the Federal Reserve. Markets had already been reducing expectations of another rate hike in October, and this inflation report could reinforce that shift. :chatgpt-content-reference{index="1"}
But there’s another interesting twist: US consumer spending surged 0.9% in August. The economy is still showing considerable strength even as inflation came in softer than feared. :chatgpt-content-reference{index="2"}
So have things suddenly become optimistic again?
Maybe — but this market is incredibly fluid. Inflation, interest-rate expectations, bond yields, oil prices and stock markets are moving rapidly, sometimes from one day to the next.
Tonight LIVE, I’ll break down the latest numbers, what they could mean for the Fed, and most importantly, what investors should be watching next.
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