🚨 The Federal Reserve just got an even stronger reason to pause
U.S. PCE inflation slowed to 3.4% year-over-year versus 3.7% expected, easing concerns that inflation was re-accelerating. Core PCE inflation also came in above expectations.
And the labor market is cooling as well.
Job openings (JOLTS) fell to 7.079 million versus 7.230 million expected, compared with 7.335 million previously.
Slower inflation + weaker labor demand = more room for the Federal Reserve to stay on hold before any further interest-rate increases.
Markets have just received a major economic signal.
Let’s see what the coming days bring… What do you think about this?
U.S. PCE inflation slowed to 3.4% year-over-year versus 3.7% expected, easing concerns that inflation was re-accelerating. Core PCE inflation also came in above expectations.
And the labor market is cooling as well.
Job openings (JOLTS) fell to 7.079 million versus 7.230 million expected, compared with 7.335 million previously.
Slower inflation + weaker labor demand = more room for the Federal Reserve to stay on hold before any further interest-rate increases.
Markets have just received a major economic signal.
Let’s see what the coming days bring… What do you think about this?
