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But we saved everything 🙂.
Gareth Soloway highlights that the Personal Consumption Expenditures (PCE) data is perfectly in line with expectations, with a MoM increase of 0.3% and a YoY rise of 2.8%.
Soloway suggests that insiders may have had early access to this information, as evidenced by seven consecutive days of market rally before the data's release. He further implies that the government would likely not have released such data ahead of the Federal Reserve's decision if the figures had been poor.
Soloway’s interpretation of the PCE data sits within his broader market outlook, having previously addressed shifts such as the ascent in Japanese 10-year yields to 1.90 percent and their global implications. His perspective on resilience amid uncertainty also aligns with earlier commentary on the modest rise in US retail sales despite recession fears, underscoring the complex interplay between economic indicators and investor sentiment.
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