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CeleryApple t1_ixktje6 wrote

Agree PCE numbers are key to what the feds will ultimately do. But I don't understand why everyone happy as if 0.5% increase is any better lol. We are still now where near the mythical 2% inflation rate. The EU inflation rate was still at 11.5% in October. The fed might have very little option but keep rates high to keep the USD up. If the USD goes down, it will just make imports more expansive again.

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cbusoh66 t1_ixl54im wrote

It’s all about market psychology, has nothing to do with fundamentals or logic at this point.

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