Latest / Markets with Megan: A Quick Financial Markets Update
Savings Decline, Credit Rises in September Core PCE Report | Episode 186 | 10-31-24
Are rising inflation rates set to challenge the recent market rally? In our latest update, we unpack September's Core PCE reading, showing the largest monthly increase since April, reflecting pressures in service costs, including healthcare, and unexpected growth in goods prices like clothing and vehicles. With Core PCE up 2.7% over last year, just above forecasts, we examine the key factors influencing inflation and their potential impact on markets.
We also address concerning trends in personal savings and rising consumer credit use—behaviors that could add complexity to the Fed's path on…
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