September's headline PCE came in at +0.27% monthly, pushing the year-over-year figure to 2.8%—a tick up from August's 2.7% and notably higher than last September's 2.3%.
Looking at shorter timeframes: the 3-month annualized rate hit 2.8%, while the 6-month annualized reading landed at 2.7%. Inflation's proving stickier than many hoped, and that could keep the Fed's hands tied longer than markets are pricing in.
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PhantomHunter
· 12-05 22:57
The Fed has to keep holding on; this inflation is ridiculously sticky.
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ForkYouPayMe
· 12-05 22:56
Wait, is inflation rising again? Now the Fed will have to stick to high interest rates, and the market's rate cut dreams need to wake up.
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ContractTester
· 12-05 22:54
Hey, PCE is up again, 2.8%. The Fed still has a long way to go before cutting rates.
September's headline PCE came in at +0.27% monthly, pushing the year-over-year figure to 2.8%—a tick up from August's 2.7% and notably higher than last September's 2.3%.
Looking at shorter timeframes: the 3-month annualized rate hit 2.8%, while the 6-month annualized reading landed at 2.7%. Inflation's proving stickier than many hoped, and that could keep the Fed's hands tied longer than markets are pricing in.