Wednesday, November 27, 2024

I don't care if it was expected, core pce inflation is higher in October

 Yeah, and the preferred gauge is core dammit, 2.8%, not the headline 2.3%.

Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

We have been range-bound since April, averaging 2.7% year over year for six months. 

The Fed is making ZERO progress, and yet . . .

... traders increased their bets that the Fed would approve another rate cut in December.