Weekly Signal & Noise Filter

The Fed Put Is In The House

The core PCE print was encouraging and validates Pinebrook’s inflationary stance and positioning.

On an unrounded basis, core PCE came in at .2615% MoM, slightly below Pinebrook’s .3% projection.

Unsurprisingly, we got the got projected 3-month and 6-month moonshot in annualized rates, while the keeping the general disinflationary trend intact (blue line).