The PCE and Other Market Omens
The PCE and Other Market Omens | |
| The PCE and Other Market Omens By John Persinos
Am I sick of the daily speculations about the Federal Reserve's policy intentions? Of course! I'd bet you are, too. But liquidity is the lifeblood of financial markets. Until inflation is vanquished and the Fed stops siphoning away liquidity, we must pay close attention to the central bank and how it might react to inflation trends. Along those lines, Thursday was a pivotal day, with the release of crucial inflation data. Like the ancient Romans who would dissect bird entrails for omens, we're compelled to interpret this data for what it might portend for your portfolio. Federal Reserve Chair Jerome Powell has warned for months that curbing inflation would be an uneven process, with inflation's rate of growth ebbing and flowing month by month. Powell's warnings were underscored by government data released Thursday that showed a slight acceleration in July of the central bank's preferred measure of inflation. Read More... |
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