PCE January 2023
PCE 5.4% Y/Y, +.6% M/M vs +.2% last mo
CORE PCE 4.7% Y/Y, +.6% M/M vs +.4% last mo
Remember FED watches CORE PCE closely.
RISING M/M significantly and FED Watch tool reflecting NO CUTS now in 2023! (finally!)
FED FUND FUTURES at 525-550 bps with NO