Core PCE sparks good news—will the Fed’s rate hikes start to cool down?🔥
Just released data signals a key turning point!
✅ Core PCE year-over-year came in at only 3%, well below expectations
✅ Core PCE month-over-month was below expectations and in line with the prior value
✅ After the data release, yields on U.S. Treasuries from the 2-year to the 30-year all fell together
✅ The market is reducing its bets on the Fed continuing to raise rates
September inflation may be higher than August; the next big focus is the CPI and oil prices. If the October Hormuz issue is resolved quickly and oil prices pull back, inflation expectations could cool further.
Do you think the Fed will still hike rates in October?
Just released data signals a key turning point!
✅ Core PCE year-over-year came in at only 3%, well below expectations
✅ Core PCE month-over-month was below expectations and in line with the prior value
✅ After the data release, yields on U.S. Treasuries from the 2-year to the 30-year all fell together
✅ The market is reducing its bets on the Fed continuing to raise rates
September inflation may be higher than August; the next big focus is the CPI and oil prices. If the October Hormuz issue is resolved quickly and oil prices pull back, inflation expectations could cool further.
Do you think the Fed will still hike rates in October?
