PCE Comes in Hot, Spending Increases.
A key index of U.S. prices ticked higher, indicating that the economy continues to experience high inflationary pressures. According to Friday’s government report, the index closely monitored by the Federal Reserve showed a 0.4% increase in prices from March to April, surpassing the previous month’s 0.1% rise. On a year-over-year basis, prices rose 4.4% in […]
Market Movers, Big Day of Economic Reports Ahead
Full Slate of Impactful Economic Reports Set to Be Released. US Economy Personal Income .6% expected .9% Consumer Sentiment 67 expected 66.4 Consumer Spending Up 1.8% expected 1.3% January PCE Up 4.7% New Home Sales 670,000 Beating Expected 620,000 Commodities USDA Export Sales Click for report Cold Storage 2:00 (CST) Cattle on Feed 2:00 […]
CPI Up, Real Earnings Down.
CPI Inches Up to 6.4%, Real Earnings Down 1.8% Today’s CPI report showed the seventh straight month, prices decreased on a yearly basis to 6.4% from 6.5%, marking the smallest increase since October 2021. However, inflation rose by 0.5% on a monthly basis, up from 0.1% in December. Used car prices and medical care […]
Consumer Expectations, Lead to Pull Back in Spending.
The New York Federal Reserve released its monthly Survey of Consumer Expectations for December. The one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month. The New York Fed’s expectations gauge had hit a record 6.8% in June, amid a surge in inflation. Consumers see inflation easing, but they expect to […]
