Today was just your classic example of no news is good news. Anxiety over PCE data had traders tipping toeing through the first three days of the week but inflation figures and personal spending provided some good news for stocks. PCE inflation figures were in line with estimates across the board, with Headline PCE MoM rising 0.3% while Core PCE MoM rose 0.4%. This was the largest increase in a year. While they may not be the most dovish numbers, they did not exceed expectations which was the w…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.