PCE grew at a pace of 0.1% month over month for the month of April. This matched expectations. However, year over year PCE was just 2.1% which was below expectations of 2.2%.
Another benign inflation print will do little to ease concerns that tariffs will lift inflation and limit the Fed's ability to respond to any economic weakness.
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One of the reasons why the Fed has been irresponsibly late in restarting the rate cuts is because they have been concerned about tariffs leading to inflation.
MoneyShow, a leading producer of live and online financial conferences for investors, traders, and financial advisors, has announced the upcoming “ Mid-Year Portfolio Review ” on June 17-18, 2025. “The year started on a promising note. But sweeping tariff measures, stubborn inflation, and persistent geopolitical stand-offs have caused considerable turmoil in the financial markets,” said MoneyShow’s Editor-in-Chief Mike Larson. “Our exceptional lineup of speakers will provide in-depth context to these market moves, as well as share highly actionable strategies to optimize portfolios for the remainder of 2025.”
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
jumped 5.7% in the afternoon session after the New York Times reported on the company's expanded contracts with the US government, providing more insights into the depth and breadth of Palantir's government work, which included streamlining data sharing across government agencies under the Trump administration.
The 2.1% annual inflation rate is close to the Fed’s target of 2.0% annual inflation and the lowest since February 2021 when the PCE inflation rate was 1.8%.
The apparel maker expects Q2 revenue to be flat year-on-year, while for the rest of the fiscal year 2025, the firm believes Trump’s tariffs could result in a $100 million hit to its operating income.
While Trump has not yet revealed exactly how China violated the preliminary trade deal with the U.S., he said the Asian country was in “grave economic danger” two weeks ago.
