On the SPOT™ blog (01/27/2023) [S..]
- Salyl Bhagwat
- Jan 27, 2023
- 2 min read
Economic news were good again today. The PCE (Personal Consumption Expenditures) index indicated that core inflation rate was slower than expected. This suggests that Feds' move might be showing +ve effects. Pending home sales rose in December. This suggests that economy continues to be robust and fear of recession might be reduced at the moment. Interesting setup for the FOMC meeting next week. All three major US indices finished the day in green.
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