#Core PCE running at 3% annualized over the last three months. But here's the thing—84 basis points of that came from quirks in investment management costs.
Strip that out and you're looking at something closer to 2.2%. Not perfect, but a very different story than the headline suggests.
This is why you read the footnotes. Markets react to numbers. Smart money reads what's inside them.
Strip that out and you're looking at something closer to 2.2%. Not perfect, but a very different story than the headline suggests.
This is why you read the footnotes. Markets react to numbers. Smart money reads what's inside them.
