PCE Report

PCE Report Today: Inflation’s Global Family Reunion Ends in a Food Fight Geneva—Around 7:00 a.m. local time, the Bureau of Economic Analysis released the latest Personal Consumption Expenditures index, colloquially known as “the Fed’s favorite inflation thermometer.” By 7:03, the world’s money changers, bond vigilantes, and algorithmic day-traders had already declared the patient either feverish…