Lara Rhame Modest Quotations

I would point to the core PCE deflator, which gave a modest upside surprise, ... This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.

I would point to the core PCE deflator, which gave a modest upside surprise. This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.

It is a modest dollar negative; the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.