#uscorepceeasesto3%inaugust 🚨
U.S. INFLATION CAME IN
COOLER THAN EXPECTED!
August PCE rose 0.3% on the month and 3.4% on the year, both under the 0.4% and 3
.7% estimates.
Core PCE rose 0.2% month-on-month and 3
.0% year-on-year, also under forecasts.
That is good for risk markets. Prices rose less than feared, which takes heat off the Fed and leaves more room for stocks and crypto.$O $MRNA $COMP
U.S. INFLATION CAME IN
COOLER THAN EXPECTED!
August PCE rose 0.3% on the month and 3.4% on the year, both under the 0.4% and 3
.7% estimates.
Core PCE rose 0.2% month-on-month and 3
.0% year-on-year, also under forecasts.
That is good for risk markets. Prices rose less than feared, which takes heat off the Fed and leaves more room for stocks and crypto.$O $MRNA $COMP
