Friday, August 30th, 2024In terms of purely economic reports — not single-quarter earnings results from one particular company — this morning’s Personal Consumption Expenditures (PCE) is the most important of the week. PCE numbers are most readily referred-to by Fed Chair Jerome Powell and others at the Fed in terms of monetary policy on interest rates. Currently, the game is: based on strength (or weakness) in select economic prints like PCE, odds increase for either a 25 basis-point (bps) cut or a 50 bps ...