Friday, August 30, 2024

PCE -- August 30, 2024

Locator: 48495PCE.

up 3-tenths; better than expected (2-tenths)

prices came in as expected; everything with a 2-handle

consumer expenditures: just fine; up 0.4% vs 0.5%

this comes on top of a 3% GDP in 2Q24

market surges 

incredible

everything as expected or better than expected

JPow and the Fed has "stuck the soft landing"

confirm that the inflation trend is as expected

"mission accomplished" 

"time to take a victory lap"

"Fed will now focus on the other side of their mandate"

"the concern now: is the Fed acting too slowly to head off the downside risk?"

I'm getting tired of listening to "woe is us" Heritage Foundation.

there's probably a reason Brian Sullivan doesn't have his picture on the CNBC hall of fame

Rick Santelli hasn't changed in all the years I've watched him

CNBC crawler: tech looks "to take off today"

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