Inflation: Not as much as expected but it’s still too high. After revisions, the core PCE deflator is still far above the 0.17% MoM target to bring the annual inflation rate to 2%. Economist James Knightley expects the deflator average to be between 0.2 and 0.3% through Q2 despite lower expectations from other economists. Depleting consumer savings and increasing private rents are leading James to expect weaker spending as we head through the rest of the year. Find his justification: https://lnkd.in/efcy8aim #Inflation #Fed #USEconomy
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Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
mbshighway.com
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Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
mbshighway.com
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The Mortgage Man & Your Residential Lender for Life! ************* Division President at Primary Residential Mortgage
Personal Consumption Expenditures - Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
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Real Estate Finance Professional Mortgage Loan Officer With East Coast Capital Inc. NMLS #1571067
Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
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Branch Manager/Morgage Banker Highland Mortgage Boxcar Mortgage, LLC dba (Highland Mortgage) NMLS #38412 Company NMLS # 1969375
Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
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Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
mbshighway.com
-
Personal Consumption Expenditures (February 2024) Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
mbshighway.com
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Since 2003 I have originated home loans. I've seen the good, the bad, and the ugly. I have EXPERIENCE you can count on!
https://lnkd.in/gw6jiTpB Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (February 2024)
mbshighway.com