PCE Meets Forecast: Why Soft GDP Triggers a Massive S&P 500 Surge
The financial world just breathed a collective sigh of relief, or perhaps a nervous chuckle, depending on which side of the trade you were sitting on. The highly anticipated Personal Consumption Expenditures price index, or PCE, landed exactly where the Federal Reserve and Wall Street economists predicted. Yet, the real fireworks weren’t ignited by the … Read more
