Economic data is not your financial assets friend and doesn’t look like it will be for the foreseeable future. PCE data has been on everyone’s radar since January CPI was released two weeks ago. To the Fed’s dismay, the data continues to disappoint. After a three-month sequential decline, core PCE YoY is back up to 4.7% (est. 4.3%) and MoM increased 0.6% (est. 0.4%). The consumer is strong, people have money and are willing to spend it. Personal spending jumped 1.8%, which is the largest increa…
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