Good morning.
As an active week for US economic data rolls on, attention turns to this morning's release of the August PCE, a metric traditionally recognized as the preferred inflation indicator for the Fed. Consensus forecasts predict that both the headline and core PCE grew by 0.3% during August. Should these estimates hold, the year-over-year rates will remain unchanged from July, landing at 3.7% and 3.3% respectively. In addition to these inflation metrics, we are also keeping a close watch on today's income and spending figures as we prepare for the upcoming jobs report on Friday.
#economy #markets #inflation #federalreserve
As an active week for US economic data rolls on, attention turns to this morning's release of the August PCE, a metric traditionally recognized as the preferred inflation indicator for the Fed. Consensus forecasts predict that both the headline and core PCE grew by 0.3% during August. Should these estimates hold, the year-over-year rates will remain unchanged from July, landing at 3.7% and 3.3% respectively. In addition to these inflation metrics, we are also keeping a close watch on today's income and spending figures as we prepare for the upcoming jobs report on Friday.
#economy #markets #inflation #federalreserve