There was a slew of economic data that came out on Wednesday but with the Thanksgiving Holiday upon us it was hard to get a post out so we’ll make this post short by showing you one picture.
All the stats that came out today beat the forecast and that included the Core PCE price index both month over month and year over year. The same holds true for PCE Price Index. To top it off, consumer spending grew a whole 1% above the forecast.
Three words: Demand! Demand! Demand!
Three more words: Inflation! Inflation! Inflation!