Core PCE numbers did not come as good as expected, with 2.7% vs 2.6%. Technically, the 50-day moving average is on the verge of crossing above the 200-day moving average - a “Golden Cross” that’s ...
The latest PCE inflation report confirms what the CPI inflation numbers have already told us. That price increases continue to cool off. At any other time, this would be reason to cheer. But not now.
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