Indicator Alert: PCE Deflator and Consumer Expectations

In yesterday’s video, we discussed the possibility of re-accelerating inflation, which would be consistent with a higher-for-longer scenario. Just released today, the newest PCE numbers at first glance seem like good news. Both headline and core are down, with core reporting the lowest YoY growth since May 2021 at 3.68%. However, we saw a huge rise in t…