BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%.

Core PCE inflation was 2.8%, above expectations of 2.6%.

We now CPI, PPI and PCE inflation RISING for 2 straight months.

How can the Fed cut interest rates?

— The Kobeissi Letter (@KobeissiLetter) April 26, 2024