Inflation has been falling faster than most investors are willing to admit. After all, the data doesn’t lie.
The November Personal Consumption Expenditures (PCE) report released this morning confirms this.
Core PCE rose 0.1% while PCE declined 0.1%. A negative monthly reading!
If you missed it, please see Deflation Is Coming video published last month.
Based on the reported data:
3 Month Annualized PCE: 1.2%
3 Month Annualized Core PCE: 2%
The door is wide open for the Fed to cut rates in 2024.
Statistically speaking, the Santa Claus rally starts today!
Merry Christmas!