Finally a good news to end 2023 with a miniSanta Rally.
The November PCE Price Index (Personal Consumption Expenditure Price Index) rose 5.5% year-on-year, in line with market expectations, and the previous value was revised from 6% to 6.1%. It rose 0.1% on a monthly basis, which was expected to be revised to 0.4%. In November, the core PCE increased by 4.7% year-on-year, slightly higher than the expected 4.6%, and lower than the previous value of 5%. It rose 0.2% on a monthly basis, in line with market expectations, and the previous value was revised to 0.3%. In November, personal income rose 0.4% year-on-year, preferably from 0.3% expected, and the previous value was 0.7%. In November, personal expenditure rose only 0.1% year-on-year, less than market expectations of 0.2%, and the previous value was 0.8%. In November, the durable goods orders fell 2.1% year-on-year, far exceeding the expected down 1%, and the previous value was down 1.1%. The final value of the University of Michigan Consumer Confidence Index was 59.7 in December, which was higher than the initial value of 59.1. In November, the annual sales rate of new homes in the United States was 640,000, winning the expected 600,000 rooms, with a previous value of 632,000.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Ok sure