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In April, The Fed’s preferred inflation measure increased by 0.2%, in line with expectations

In the world of finance and economics, numbers are everything. They can tell a story, paint a picture, and provide insight into the health of an economy. In a recent conversation between Steve Leeman and Steve, the topic of 0.08 came up, and it sparked a discussion that delved into the intricacies of the current economic landscape.

Steve Leeman started off by discussing the personal income numbers, noting that they were on target at 0.3% versus the previous month. He also mentioned that the overall PC price index was spot on with expectations, coming in at 0.3%. The core price index, a key indicator, was also in line with expectations at 0.2%.

As the conversation continued, the focus shifted to the year-over-year price index, which was at 2.7%, in line with expectations. However, the core index showed a slight increase at 2.8%, indicating that there was no improvement in the core numbers.

The discussion then turned to the market’s response to these numbers, with Steve noting that there had been a shift in expectations from six rate cuts to just one and a half for the year. This change in sentiment reflected a more optimistic view of the economy compared to earlier in the year.

Rick Santellan joined the conversation, adding his perspective on the numbers and the market’s reaction to them. He pointed out that while there were some positive month-over-month numbers, there was also a sense of stickiness in the consumer consumption index. Rick emphasized the importance of looking at the bigger picture and considering the long-term implications of current monetary policy.

Overall, the conversation highlighted the complexities of interpreting economic data and the challenges of predicting market movements. It served as a reminder that while numbers can provide valuable insights, they can also be open to interpretation and subject to change. As the economy continues to evolve, it will be interesting to see how these numbers shape future decisions and policies.



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