đš FED JUST GOT MORE ROOM TO PAUSE đ
U.S. PCE inflation came in at 3.4% YoY vs. 3.7% expected, while Core PCE also cooled more than expected.
The labor market is showing signs of cooling too. JOLTS job openings fell to 7.079M, down from 7.335M previously.
So the picture is getting interesting:
đ Inflation cooling
đ Job openings falling
âžïž More room for the Fed to hold rates
Markets have already reduced expectations for an October hike following the softer inflation data.
Macro just gave the market another signal. đđ„
U.S. PCE inflation came in at 3.4% YoY vs. 3.7% expected, while Core PCE also cooled more than expected.
The labor market is showing signs of cooling too. JOLTS job openings fell to 7.079M, down from 7.335M previously.
So the picture is getting interesting:
đ Inflation cooling
đ Job openings falling
âžïž More room for the Fed to hold rates
Markets have already reduced expectations for an October hike following the softer inflation data.
Macro just gave the market another signal. đđ„
