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re: March PCE inflation rises to 2.7%, above expectations of 2.6%. No rate cuts anytime soon?

Posted on 4/26/24 at 8:40 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74316 posts
Posted on 4/26/24 at 8:40 am to
quote:

Headline Personal Consumption Expenditures (PCE) inflation for March increased by 0.3%, and increased by 0.2% to 2.7% year over year, which was slightly higher than expectations. Core PCE increased by 0.3% month over month, which was in line with expectations, and remained at 2.8% year over year, also matching expectations.


Not as bad as they make it out to be. MBS up and 10yr down

I think they are cutting at least once before Nov to give JB a jolt
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51830 posts
Posted on 4/26/24 at 8:44 am to
quote:

I think they are cutting at least once before Nov to give JB a jolt


Yeah, that's a worry I mentioned in a couple of posts earlier this week. Considering how hard Jerome has been trying to thread that "soft landing" needle, I'm concerned he's going to use the GDP drop as a foundation for doing a cut.

Any cut before Unemployment goes above 4%-5% for a few months would be disastrous.
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