FED’S FAVORITE INFLATION GAUGE RISES BY MOST IN A YEAR, BITCOIN SOARS, PUTIN’S NUCLEAR THREAT
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Inflation Gauge
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market has failed to make progress since the release of hotter CPI.
- The chart shows that the stock market was pulling back before the release of PCE, but improved on release of PCE.
- The stock market has been anxiously awaiting PCE. PCE is the Fed’s favorite inflation gauge. PCE rose the most in a year.
February 29, 2024