The initial reaction to the in-line PCE print is a positive one, with S&P equity futures spiking ~30 points and U.S. Treasury yield pulling back, even though the Core PCE on a m/m basis rose to the highest in almost a year.
The initial reaction to the in-line PCE print is a positive one, with S&P equity futures spiking ~30 points and U.S. Treasury yield pulling back, even though the Core PCE on a m/m basis rose to the highest in almost a year.