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Strategies & Market Trends : Humble1 and Swing Trading Friends

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rdkflorida2
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From: humble19/23/2024 12:50:55 AM
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MORE CUTS COMING PCE Should Print 2.3%!

Much will depend on what the Fed's preferred inflation gauge, the core personal consumption expenditures (PCE) show on Friday. Analysts expect a 0.2% month-on-month rise taking the annual pace to 2.7%, while the headline index is seen slowing to just 2.3%.

The coming week also includes surveys on global manufacturing, U.S. consumer confidence and durable goods.

H1: When will get “there” on inflation? Well we are “there” right now. At a rate of 1.5% + the PCE, the Fed Funds rate should be max 3.75%. Right Now!

We have months of rate cuts on the way. Worldwide, too.
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