High PCE and firm worker compensation point to 75 bps hike
The PCE rose 6.2% for the year and 0.3% for the month, signaling another 75 bps hiked by the Fed in next week's meeting.
Source: invezz.com
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The PCE rose 6.2% for the year and 0.3% for the month, signaling another 75 bps hiked by the Fed in next week's meeting.
Core PCE data rose 4.9% Y-o-Y and 0.6% M-o-M, with JOLTs data and the ADP employment report to be published next week.