Inline PCE

Today's latest PCE report... The Fed's favorite inflation measure ...came in exactly at expectations earlier today. Usually, that wouldn't be such a big deal but, after the CPI surged much than expected earlier this month, having PCE come in relatively tame has actually provided a boost for the Comex precious metals.

And hey, we'll take anything we can get. Again, the key to today's PCE is that it wasn't worse/hotter than expected.

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Key Economic Events Week of 5/28

5/28 9:00 ET Case-Shiller home prices
5/28 10:00 ET Goon Kash-n-kari
5/28 10:00 ET Consumer Confidence
5/28 1:00 ET Goons Cook and Daly
5/29 1:45 ET Goon Williams
5/29 2:00 ET Beige Book
5/30 8:30 ET Jobless claims
5/30 8:30 ET Q1 GDP 2nd guess
5/30 8:30 ET Wholesale inventories
5/30 10:00 ET Pending home sales
5/30 12:00 ET Goon Williams again
5/31 8:30 ET PCE and Core PCE
5/31 8:30 ET Personal Inc and Spend
5/31 9:45 ET Chicago PMI

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