๐ฅ INFLATION IN THE U.S. JUST SHOCKED WALL STREET โ It Fell Below Expectations!
This could be a game-changer for potential rate cuts by the Federal Reserve ๐
According to PANews, the latest inflation report from the U.S. Department of Commerce โ delayed due to the government shutdown โ finally dropped and itโs better than analysts predicted ๐ธ
๐ Core PCE (the inflation gauge the Fed watches closely) rose by:
โ 0.2% month-over-month โ right on target
โ 2.8% year-over-year โ thatโs 0.1 percentage point below forecasts ๐ฅ
In plain English: inflation is cooling faster than Wall Street assumed โ๏ธ
๐ต At the same time, the Bureau of Economic Analysis reported that consumer spending rose by 0.3%, and overall inflation also landed at 2.8%, matching expectations.
The Fed leans heavily on the PCE index, and the core number is considered the best signal for long-term price trends ๐.
Now that the delayed data have finally come out, markets are already buzzing โ and many see a fresh wave of possible rate cuts on the horizon ๐ฅ๐ฐ
