This week a litany of economic data will be released with the latest reading of the Personal Consumption Expenditures (PCE) index, also known as one of the...
This week a litany of economic data will be released with the latest reading of the Personal Consumption Expenditures index, also known as one of the Fed's preferred inflation gauge, will be released on Friday. With thefrom the Federal Reserve could look like raging on, many on Wall Street will watch closely for the results of the reading.
On the upcoming PCE data, Subran states:"If we get another PCE above 3.5 or 4% the problem is we are going to have to delay the Fed's first rate cut after the summer. Then you have elections, you guys have elections in November.
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Personal Consumption Expenditures Allianz Ludovic Subran PCE
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