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Tag: PCE

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Market Outlook

July PCE Inline

Happy 4th of July with American flags on a blue defocused background.

Inflation monthly report for July as expected, YoY gain slightly better.

  • July Core PCE Price Index: +0.2% M/M vs. +0.2% consensus and +0.2% prior.
  • +2.6% Y/Y vs. +2.7% consensus and +2.6% prior.
  • PCE Price Index: +0.2% M/M vs. +0.2% consensus and +0.1% prior.
  • +2.5% Y/Y vs. +2.5% consensus and +2.5% prior.
  • Personal income: +0.3% M/M vs. +0.2% consensus and +0.2% prior.
  • Personal outlays: +0.5% M/M vs. +0.5% consensus and +0.3% prior.
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Market Outlook

June PCE Report 

Personal Consumption Expenditures (PCE) Numbers for June 2024  

The numbers are fairly benign. 

PCE 0.1% MoM as expected 

PCE 2.6% YoY V 2.5% expected. 

Core PCE 0.2% MoM as expected, and 2.6% YoY as expected. 

Revisions – minor 

No surprises, the S&P 500 futures are up 0.86%, Nasdaq Comp up 1%. The 10 year is down to 2.23%.