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On the SPOT™ blog (09/29/2023) [P..]

Economic news this morning seems to convey a mixed sentiment. Personal Consumption Expenditure (PCE) index numbers released this morning seem to suggest that prices rose sharply in August (as expected because if the higher gas prices) but core PCE (excluding food and energy prices) rose less than estimated (month-over-month comparison). Consumer spending also seems to have grown perhaps affected by higher gas prices. In general, core PCE rising less than estimated sounds good whereas the overall number seems to suggest that the number is still far from Feds' target and it might take a while to get back to that level. Treasury yields slipped and DJIA seems slightly in the red, S&P500 seems slightly in the green and Nasdaq composite is in the green this morning (PST).

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