PCE Archives - Unify Financial Advisors

Weekly Market Update – 9.30.2024

Last week, the S&P 500 posted record highs and gained 0.64%. Personal Consumption Expenditures(PCE) for August rose 2.2% from one year ago. With PCE being the Fed’s preferred inflation gauge, there is currently a 100% probability of at least a 0.25% rate cut on November 7. I was recently asked how stocks can set record highs in the face of political uncertainty and wars. In short, the Fed has more influence over the current US economy than elections and ...

Weekly Market Update – 7.1.2024

Last week, as expected, May’s headline PCE Index was up 0.1% from the previous month and 2.6% over 12 months, not far from the Fed’s 2% target rate. There is still a nearly 60% probability of a 0.25% rate cut in September. Sales of new single-family homes in May fell by 11.3%. The median sales price of new houses sold was $417,400, the lowest median price in the past 12 months and below the peak median price of $440,900 set in May 2023. May’s PCE Index ...

Weekly Market Update – 6.24.2024

Last week, stocks rallied but closed short of their all-time highs. May’s Retail Sales Report showed a 0.1% increase from the previous month, below the 0.3% expected. The category of sporting goods, hobby, musical instruments, and book stores saw the biggest m/m increase of 2.8%. In contrast, gasoline stations and furniture sales saw the largest decreases, 2.2% and 1.1% respectively. Look for summer-time discounts on home furniture and furnishings. This ...

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Tag: PCE

Weekly Market Update – 9.30.2024

Weekly Market Update – 7.1.2024

Weekly Market Update – 6.24.2024

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