Core PCE is in line, but not sure why anyone is surprised given how telegraphed it is. More importantly, another massive month of personal spending, at 7.2% annualized pace for second month in a row. This economy is too strong.
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Sorry no coffee this morning. 9.6% annualized spending!
@DannyDayan5 Annualized anything is kinda silly
@DannyDayan5 The Chinese or pretty much any other country would kill for this type of economy yet you guys are freaking out 3% inflation vs the LITERAL made up target from the 90s of 2%
@DannyDayan5 What is wrong with "too strong"economy? Q1 PCE gone from.... -6% in 22' -5% in 23' -Below 4% Pretty simple to me.