FBC Varney July 4, 2024
Inflation, theres one indicator they follow particularly closely, and here it is. The pce price if index which measures changes in the cost of living for households. In the last year its gone up just 2. 4 , very much as expected. Not hot. Finish the market kind of likes it. Before that the number came out, the dow, the nasdaq, the s p, theyre all way down. Now theyre the up. Nasdaq up about 93 points. Interest rates were edging lower, now theyre just about unchanged. About 4. 25 on the 10year, and the 2year well above 4. 5, oh, yeah, 4. 65 . Oil getting closer to 80 a barrel, 78. 90 right now....