A post by @NickTimiraos on X.
After the firm September PCE inflation reading was released last month, Kevin Hassett allowed that October could return to the lower monthly readings seen in the summer, proving September was "a blip."
@NickTimiraos on X
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Kevin Hassett said October PCE inflation could revert to the lower monthly readings seen over the summer, which would confirm September's firm print was "a blip," but warned that a really high October reading would likely prompt the Fed to act. The comments, reported by Bloomberg and relayed by Nick Timiraos, frame the next inflation release as the key test of whether September's strength was transitory. Investors should watch the October PCE data for whether it validates the summer trend or forces a policy response.
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Named in this story
PCE inflation, Kevin Hassett, Federal Reserve, Nick Timiraos