BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%.
— The Kobeissi Letter (@KobeissiLetter) April 26, 2024
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?