Core PCE Prints Cooler Than Expected Due To Change In Methodology, As Savings Rate Plunges To 3 Year Low
today's welcome "miss" in core PCE is likely not due to lower prices but due to spreadsheet changes and rebenchmarking.
today's welcome "miss" in core PCE is likely not due to lower prices but due to spreadsheet changes and rebenchmarking.
If cheaper energy can no longer provide relief to rates, the market may be confronting a much more fundamental problem...
"According to one senior official, the co-pilot is currently being questioned, and indications are mounting that he intended to take control of the plane and crash it with the passengers on board."
Vance has already made his admiration clear publicly...
It works really well, until it suddenly doesn't...
"the economic impact should be nearly offset by the effects of higher equity prices, narrower credit spreads, and a weaker dollar, resulting in only a 0.1pp net hit to 2026 GDP growth"
IRGC claims "We have been hitting small ships & preventing them from passing for a long time, but America does not respond."
“A combination of robust growth and a recovery in the jobs market would allow the Fed to hike rates to fight rising inflationary pressures, provided that price pressures look concerning"
For the first time in almost two decades, TIGA -there is a good alternative...
"We can do that here."
"An African lady carries the bodies of two dead white men (mannequins)... This isn't 'Fashion', this is an ugly satanic circus..."
"The second stage marked the transition from an order-driven performance to execution-driven, as backlogs became rich..."
While European nations are cobbling together policy fixes for the energy crisis, there are fears that the real supply crisis brought on by the Strait of Hormuz closure and the war in Ukraine cannot possibly be fixed by policy alone...
"We're appealing decisions that will force us to share people's private search history..."
"If in 2 weeks the United Kingdom does not halt the illegitimate exploitation, we will go to the International Tribunal for the Law of the Sea..."
Oddly the whole thing was sparked by a UK television show...
