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Formerly TwitterLiz Ann Sonders
LizAnnSonders
Revision for April UMich consumer sentiment data brought 1y inflation expectations (blue) up to 3.2% … 5-10y expectations (orange) unchanged at 3% pic.twitter.com/RyxR9NkVRw
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Liz Ann Sonders
LizAnnSonders
Also not heading in right direction: “supercore” PCE #inflation +0.39% month/month in March, taking year/year rate back up to +3.5% pic.twitter.com/4OP9hoVojz
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Mohamed A. El-Erian
elerianm
According to the just-released data, March headline and core PCE #inflation are slightly higher than the consensus forecasts (2.7 vs. 2.6 and 2.8 vs 2.7).
Having said that, the miss is smaller than yesterday, and the monthly readings are in line.
Meanwhile, personal spending rose…
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ET NOW
ETNOWlive
News Alert | US: Updates on March personal spending and core PCE price index👇 pic.twitter.com/1akTWosKSN
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All coverage
S&P 500 climbs to a new record close, shrugging off inflation fears
By Yun Li & Thomas Franck