Jose Sammut on Nostr: - PCE YOY figures hot by 0.1% on core 2.8% and non core 2.5%. - Jan MOM revised up to ...

- PCE YOY figures hot by 0.1% on core 2.8% and non core 2.5%.
- Jan MOM revised up to 0.50% vs 0.45%.

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In the most recent beige book, manufacturers complained about their clients having large inventories, vendors complained about lower than expected demand or said they reduced inventories.
I think this low gdp cannot be discarded because inventories were low. I also expect this trend to continue.
A falling stock market might be a self fulfilling prophecy for a recession, given how little confidence people have in the economy.
Either way, the market is very overpriced, with little upside and many risk factors.


https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20240417.pdf