US core PCE in January shows "sticky" inflation

February 29, 2024
3:23 pm

US core PCE in January shows “sticky” inflation

US PCE inflation report for January confirms the “sticky” tone from the CPI.

February 29, 2024
3:23 pm

US core PCE in January shows “sticky” inflation

US PCE inflation report for January confirms the “sticky” tone from the CPI.

Core PCE rebounded markedly in January reinforcing the view that 2.5% will be a significant floor to crack…

The Supercore (core Services ex-Housing) report returned to the highs of 2022, consolidating the 3% as a solid support…

The Housing component is consistently hovering around 0.4% MoM…

The main silver lining is again the behavior of the Goods component that plateaued in 2022, hardly new news.

As a result, the appropriate adjective to describe the early 2024 inflation situation is “sticky”.

For further details please contact carlos@imaginealpha-blog.com

Core PCE rebounded markedly in January reinforcing the view that 2.5% will be a significant floor to crack…

The Supercore (core Services ex-Housing) report returned to the highs of 2022, consolidating the 3% as a solid support…

The Housing component is consistently hovering around 0.4% MoM…

The main silver lining is again the behavior of the Goods component that plateaued in 2022, hardly new news.

As a result, the appropriate adjective to describe the early 2024 inflation situation is “sticky”.

For further details please contact carlos@imaginealpha-blog.com

Carlos Daurignac

Carlos Daurignac has created ImagineAlpha’s innovative process to help traders, hedgers and investors identify signals and build alpha generating strategies as well as harnessing key aspects of risk management on global markets.

Carlos offers easy to use visual-based output for his proprietary models enabling fast and efficient interpretation of trends in global markets and of macro-economic fundamentals.

For more than 25 years, he has brought profitable solutions to numerous trading/investing environments, among which reputable hedge funds with more than $30 bn of AUM at the time.