...market initially sighed with relief it is not worse than feared, but now thinking it is not better either
...how will this influence the Fed? Inflation is not moderating, so Fed staying pat for longer more likely (than raising rates).
❖ U.S PCE PRICE INDEX (MOM) (MAR) ACTUAL: 0.3% VS 0.3% PREVIOUS; EST 0.3%
❖ U.S PCE PRICE INDEX (YOY) (MAR) ACTUAL: 2.7% VS 2.5% PREVIOUS; EST 2.6%
❖ U.S CORE PCE PRICE INDEX (MOM) (MAR) ACTUAL: 0.3% VS 0.3% PREVIOUS; EST 0.3%
❖ U.S CORE PCE PRICE INDEX (YOY) (MAR) ACTUAL: 2.8% VS 2.8% PREVIOUS; EST 2.6%
