Bloomberg Daybreak: US Edition
Instant Reaction: Inflation Data
Mar 29, 2024
Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House discuss the latest PCE data and its impact on Fed rate cuts. They analyze inflation trends, consumer spending behavior, and implications for the market. Dive deep into the nuances of inflation management and market expectations.
29:40
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Quick takeaways
- Mixed inflation picture with 2.8% year-over-year increase, impacting Federal Reserve's rate decisions.
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Deep dives
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