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January PCE ?3

08:59 13-Mar-26


PCE numbers for January headlined at 0.3% and +0.4% for Core, both as expected.  Income & Spending were also +0.4%, a tenth lower and higher than forecast, respectively.  Again, while the Fed's favorite inflation measure just before next week's meeting would normally be quite important to the market, it's unclear how much notice it will give this delayed report.  American equity futures remain positive and FedWatch still doesn't start assigning any significant chance of a cut until the summer.  Don't be surprised if Powell acknowledges expectations for an economic downturn.