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.
Mixed inflation picture with 2.8% year-over-year increase, impacting Federal Reserve's rate decisions.
NetSuite by Oracle offers cloud financial system, reducing IT costs for over 37,000 companies.
Deep dives
Annual Disney Shareholders Meeting Details
Disney's annual meeting of shareholders is scheduled for April 3. Disney urges shareholders to vote for its nominees by April 2. Electronic or mail-in voting options are available at VoteDisney.com.
NetSuite by Oracle for Business Efficiency
NetSuite by Oracle is a cloud financial system that integrates accounting, financial management, inventory, and HR functions into a single platform. Over 37,000 companies have transitioned to NetSuite, reducing IT costs, maintenance costs, and errors. A special flexible financing program is currently offered by NetSuite until April 15 at NetSuite.com/earnings.
Economic Data Insights on Inflation
The Personal Consumption Expenditures Price Index for February showed inflation at 2.8% year-over-year. Personal income and spending data indicated fluctuations, with spending notably higher than expected. Analysts assess the mixed inflation picture and highlight the impact on the Federal Reserve's decision-making process regarding rate cuts.
Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House.