US Q4 2023 GDP Revised Up to 3.4%, Personal Consumption and Core PCE Also Up, Corporate Profits 3.9%

zerohedge@zerohedge

2 years ago

Last month's PCE data (see below) sparked a market rally because it came "in line" and eased fears of rising inflation. This is what Jan's in line data looks like after revisions: PCE 0.4% MoM, Exp. 0.3% Core PCE 0.5% MoM, Exp. 0.4% PCE 2.4% YoY, Exp. 2.4% Core PCE 2.9%,… https://t.co/LWSdXNuwqV

Reuters@Reuters

2 years ago

US February inflation data 'along the lines' of what Fed wants, Powell says https://t.co/62fAnHrW7Q https://t.co/pIlfVOD4Er

Satoshi Stacker@StackerSatoshi

2 years ago

🚨 February PCE data came in mostly as expected: -PCE MoM: 0.3% vs 0.4% forecast -PCE YoY: 2.5% as forecast -Core PCE MoM: 0.3% as forecast -Core PCE YoY: 2.5% as forecast Powell responded saying this data is more along the lines of what the Fed wants to be seeing.