A measure of inflation, the change in core personal consumption expenditures (PCE) doubled in August! From 0.1% to 0.2% from July to August. And Core PCE grew at a 1.7% pace YoY.
Liquidity moves markets!Follow the money. Find the profits!
Yes, core PCE growth seems to be on the rise, but still short of The Fed’s target rate of 2%.
Personal spending was flat in August and REAL personal spending fell -0.1%.
The Dow Jones Industrial Average still has not regained the loss ground since the ECB’s September 8th meeting.
Apparently, The Fed raising rates is comparable to the “Troll Toll” from “It’s Always Sunny in Philadelphia.”
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