The University of Michigan Consumer Sentiment Index and the government’s PCE inflation report could reset some market expectations.
As the Federal Reserve’s favored measure of inflation, the personal consumption expenditures report has the potential to redefine the market’s expectations about what’s next from the central bank.
Consumer sentiment has been rising thanks to lower gas prices, but rising mortgage rates and housing costs could complicate the recent improvements. We’ll dive into both reports and explain what matters for the market and the economy.
0:00 Welcome
1:43 Explaining the UK bond market collapse and how it could impact the U.S.
4:44 Big takeaways from today’s economic data
5:41 Why the September consumer sentiment index was concerning
8:30 The recession warning from the University of Michigan’s data
9:10 What the PCE report is telling us about the future of inflation
11:08 How we’re seeing Americans with less savings and record high debt
12:16 Why does the Fed prefer the PCE report over CPI?
13:02 What’s happening in markets after the reports
14:52 Why we need to watch the upcoming U.S. jobs report
16:10 Signoff
Market Takes is a stripped-down and straight-up livestream where I'll cut through the noise and break down the week's most important market trends, reports and economic data. Tune in to understand what will be moving markets each week and why.
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
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