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The Most Overhyped PCE Print in Wall Street History
Episode 714
Published 10 months, 4 weeks ago
Description
America has waited 43 days for a simple number. Not a moon-landing, nor a breakthrough cancer cure: just the September reading of the Personal Consumption Expenditures index (PCE), the Federal Reserve's preferred inflation gauge. After a government shutdown froze the release of official statistics, the PCE has acquired an unlikely aura: less a data point than a national mood ring. Verdict at 10 am ET.
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