06/25/2024
Friday's PCE inflation report could be massive and no one is talking about it.
The Personal Consumption Expenditure or PCE is the Fed's favorite inflation indicator and the Core PCE of Friday is expected to go down from 2.8% to 2.6%.
This could be massive because during the June Summary of Economic Projection (SEP) the Fed projected 2.7 to 2.8% by December and one rate cut for that.
If inflation goes to 2.6% and keeps going down we could clearly see one or more rate cut this week...