🚨 THE FED NOW HAS AN EVEN STRONGER REASON TO PAUSE
US PCE inflation cooled to 3.4% year-over-year, versus the 3.7% expected, reducing fears that inflation was accelerating again. Core PCE inflation also came in below expectations.
And the labor market is cooling too.
JOLTS job openings fell to 7.079 million, versus 7.230 million expected, after 7.335 million previously.
Lower inflation + weaker demand for workers = more room for the Fed to keep rates without raising them again.
Markets have just received an important macroeconomic signal.
US PCE inflation cooled to 3.4% year-over-year, versus the 3.7% expected, reducing fears that inflation was accelerating again. Core PCE inflation also came in below expectations.
And the labor market is cooling too.
JOLTS job openings fell to 7.079 million, versus 7.230 million expected, after 7.335 million previously.
Lower inflation + weaker demand for workers = more room for the Fed to keep rates without raising them again.
Markets have just received an important macroeconomic signal.