The quarter has ended! And what a perfect way to end the quarter with everybody’s favorite economic data point, PCE. The Core Deflator YoY came in at 4.6% below estimates of 4.7% which helped propel major US indexes into the green early. While inflation remains persistent and near stagnant, a decrease was a welcomed sight for traders. There are still some concerning components in the PCE data, services continue to make up much of the yearly change. Powell has repeatedly stated that the service…
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