https://movement.com/blog/2024/06/closing-costs-can-expect
INFLATION - Downward Momentum
Dated: March 2 2024
Views: 92
Recent Inflation Data Shows Downward Momentum
By: Movement Team
MARCH 1, 2024
The bond market exhibited a surprising level of calm this week despite a wealth of economic data. Of particular significance were Thursday's releases, including key indicators such as Personal Income, Personal Spending, and the Personal Consumption Expenditures Index (PCE) – the latter being the Federal Reserve's preferred measure of inflation. The focus on inflation was underscored by Core PCE, which aligned closely with expectations, registering a Year-over-Year decline to 2.8% from the previous month's 2.9%. Over a six-month period, the PCE inflation rate is even lower. Notably, this morning's manufacturing data revealed a performance weaker than anticipated.
Despite signs of a resilient economy, there are indications of potential slowing as the Federal Reserve continues to make strides in aligning inflation with its target rate.
Kristin Lueken
I am passionate about real estate and believe it shows in how I care for my clients. They put their trust in me, in return, I am determined to give them a smooth and successful transaction from the ve....
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