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Market Review: Personal Income & Expenditures - PCE Deflator


D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
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The Fed's favorite inflation indicator, the PCE Deflator, just printed its highest reading in 40 years. Personal incomes & expenditures printed this morning with advances there. However, the real headline came from PCE Deflator which came in at 6.59%, the highest reading in many years. Inflation fears, or course, have been driving the markets and for the month the Dow dropped 9.5% making April the worst month in two years.

I believe that we will start to see moderation over the next couple of months since the year-over-year change is driven by the stimulus checks received last year.  Now that those funds have been spent, spending will decrease accordingly, and prices pressures will abate.

This topic was modified 2 months ago by D. H. Taylor
This topic was modified 3 weeks ago by D. H. Taylor

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