The latest PCE numbers came in slightly "hotter" than expected and this has led to the bounce in the POSX that we discussed in yesterday's podcast. So far, however, the Comex PMs are maintaining a decent bid ahead of what will be another volatile BLSBS Friday.
Let's start with that PCE. It was mostly in line as you can see below. If you want to read more about it, here's a summary link: https://www.cnn.com/2023/08/31/economy/pce-inflation-july/index.html ...
