- Prior was +4.6%
- PCE core MoM +0.4% vs +0.3% expected
- Prior MoM +0.3%
- Headline inflation PCE +4.4% vs +4.2% prior
- Deflator MoM +0.4% vs +0.1% prior
Consumer spending and income for April:
- Personal income +0.4% vs +0.4% expected. Prior month +0.3%
- Personal spending +0.8% vs +0.4% expected (prior +0.0%)
- Real personal spending +0.5% vs 0.0% prior
Inflation is a problem and the consumer remains red hot. The Fed
The Fed
"The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of
"The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of
Read this Term is going to hike again and now the odds are 58-42% for June and July is 100% with a slight chance of another hike. At some point the Fed will have to pause and evaluate but we're lapping some very high energy numbers now and it's not enough to get inflation
Inflation
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Read this Term to a 3-handle. At minimum, the Fed needs to start seeing some monthly numbers at +0.3% or lower.
More details:
- Core services excluding housing +0.42%
- Core goods on a three-month annualized basis +2.1%
