DanielSanTrades @DanielSanTrades: "ғʀɪᴅᴀʏ ᴍᴀʀᴋᴇᴛ ᴜᴘᴅᴀᴛᴇ 📢📢📢 📢 𝑻𝒉𝒆..."

Romania

ғʀɪᴅᴀʏ ᴍᴀʀᴋᴇᴛ ᴜᴘᴅᴀᴛᴇ 📢📢📢 📢 𝑻𝒉𝒆 𝑭𝒆𝒅'𝒔 𝒑𝒓𝒆𝒇𝒆𝒓𝒓𝒆𝒅 𝒎𝒆𝒂𝒔𝒖𝒓𝒆 𝒐𝒇 𝒊𝒏𝒇𝒍𝒂𝒕𝒊𝒐𝒏 𝒔𝒆𝒏𝒕 𝒆𝒏𝒄𝒐𝒖𝒓𝒂𝒈𝒊𝒏𝒈 𝒔𝒊𝒈𝒏𝒂𝒍𝒔 𝒊𝒏 𝑱𝒖𝒍𝒚 Both the PCE and core PCE price indexes increased at the same pace as the previous month, rising 0.2% and 0.3%, respectively. Collectively, they were the smallest back-to-back gains since late 2020. Both prints were in line with economists' expectations. On an annual basis, PCE prices increased by 3.3% while core PCE rose by 4.2%. Turning to core service excluding housing—aka supercore, which, lest we forget, is closely watched by Fed officials—prices remain stubborn with the component rising by 0.46% in July to 4.7% YoY. 📢𝑪𝒐𝒏𝒔𝒖𝒎𝒆𝒓𝒔, 𝒎𝒆𝒂𝒏𝒘𝒉𝒊𝒍𝒆, 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒍𝒆𝒕𝒕𝒊𝒏𝒈 𝒎𝒐𝒅𝒆𝒔𝒕 𝒑𝒓𝒊𝒄𝒆 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆𝒔 𝒈𝒆𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒂𝒚 𝒐𝒇 𝒕𝒉𝒆𝒊𝒓 𝒔𝒑𝒆𝒏𝒅𝒊𝒏𝒈 In fact, household spending increased by 0.8% in July, which ranks as the fastest pace since January. At the same time, wage growth slowed and real disposable income (which is adjusted for inflation) fell for the first time in 13 months (shown above). So what's fueling the rise in spending? Most likely, consumers are dipping into savings: the personal savings rate fell by the most since early 2022 in July, dropping to 3.5% from 4.8%. $DELL (Dell Technologies Inc C) $ADP (Automatic Data Processing Inc) $POST (Post holdings) $DIS (Walt Disney) $F (Ford Motor Co)

5 Mentioned

DELL

Dell Technologies Inc C

ADP

Automatic Data Processing Inc

POST

Post holdings

DIS

Walt Disney

Ford Motor Co