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.
CeleryApple t1_ixktje6 wrote
Reply to comment by cbusoh66 in Most Feds members want interest rates to slow down unless Papa Powell doesn’t agree 👴🏻 what’s y’all experts take? by stockslord
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.