Uh-oh! January Personal Consumption Expenditures Soar 1.8% MoM, PCE Deflator UP 5.4% YoY, 2-year Treasury Yield Rises 10 Basis Points (Here Comes The Fed!)

#bubble, #inflation, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Bank of England, Bank of Japan, Banking, CDS, China, CMBS, CRE, Credit, ECB, Economy, Fed, Gold, Housing, Inflation, Mortgage, New Home Sales, Oil, Powell, PPI, REITs, Silver, SPX, Stocks, Taylor Rule, Trade, Treasuries, Treasury, TYVIX, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

Not really a surprise, but January’s personal spending numbers came in hot at 1.8% MoM. Also, Personal Consumption Expenditures PRICE index (aka, inflation) rose to 5.4% YoY.

Here comes The Fed! The 2-year Treasury yield rose 10 basis points this morning.

Pelsoi and Schumer (with McConnell) got the gold mine and American consumers got the shaft.

Published by confoundedinterest17

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