Tomorrow’s a game-changer for traders and investors. It’s the day the latest Personal Consumption Expenditures (PCE) will be released. This is the number everyone watches because it can push us into the green or drown us in the red. Here’s all you need to know:
The number: This is THE number to watch. Want to track the most comprehensive look at consumer spending? With the Federal Reserve in mind? This is that number. It’s the PCE. The PCE spotlights the changing appetite for consumers and that rings alarms for rising inflation and subsequently, tighter monetary policies.
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