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Sunday, July 28, 2024
US core PCE and inflation expectation!
The US core PCE (mom) was 0.2% and core PCE(yoy) was 2.6%. However, the US 5-year inflation expectations remained at 3% for the past few months. This means that the US consumers are not expecting inflation to fall much further.
A pundit of the third realm, a sapient, unflappable and nonpareil homosapien, with monumental fortitude and tremendous tenacity, one who has been through the vicissitudes of life, and has mastered great dexterity and virtuosity to discern between verisimilitude and actual reality.
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