Did Latest PCE Data Shift the Fed’s Path? | S2 E103 | 12-05-12
Description
Cooling inflation and softer consumer expectations set the stage for a likely Fed rate cut while equities test, then retreat from, record highs. Listen in to why core PCE matters, how expectations shape spending, and what the Fed’s statement could mean for markets next week:
• Core PCE slows to 2.8% year over year
• Consumer inflation expectations ease across one and five-to-ten years
• Sentiment lifts as purchasing power stabilizes
• Futures price a 95% chance of a 25 bps cut
• Equity market pops, then fades below intraday high
• Why the Fed statement may move markets more than the cut
• What to watch next as delayed data rolls out
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