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47 sats \ 4 replies \ @Cje95 30 Oct \ on: Latest GDP and Inflation Data Suggest Moderation in US Economy econ
Take what I am saying with a grain of salt cause I have CNBC on in the background so I might have missed some of the key points but it was my understanding that the numbers were almost an equal split of good and bad.
The PCE rose 3.7% Q/Q and that was higher than expected which again from my understanding is one of the reasons that rates today did not fall when the news came out. One of the people talking was confused with the number breakdowns from this first reading and the jobs growth data just because it seemed to be two different stories.
What are your thoughts?
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0 sats \ 3 replies \ @TomK OP 30 Oct
Slowly but surely a deflationary surprise is finding its way through the economy....
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0 sats \ 2 replies \ @Cje95 30 Oct
With the Treasury announcement of the 125 billion in offerings raising only 8.6 billion do you see that as an issue or something that possibly keeps the economy treading water?
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10 sats \ 1 reply \ @TomK OP 30 Oct
That will be resolved by the still very deep and liquid global demand for USTs. At a point there will be spending cuts by the new gov and Fed intervention (mild QE)
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0 sats \ 0 replies \ @Cje95 30 Oct
Awesome thank you for the insights!
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