>>60800871
I've seen economists and twitterpeople in the past talk about PCE before it came out. Like that screen on the bottom left shows, as it was taken after the PPI release and was basically foreshadowing what the PCE will look like. But I have not seen much talk recently about that. It's weird that they have been doing that and now they don't. Why, I don't know, don't care, it's not like people are not constantly flipflopping on what metric they focus. You got Supercore, Core, supersupercore, 3 month, 6 month, MoM, it's all whatever suits your agenda best.
What I'm saying is the PCE will not look great objectively. What the reaction will be is hard to say. Maybe now after the PPI and CPI came out they'll ramp up the expectations/estimates to 3% et voila, it's not so bad anymore. I mean it's weird nothing happened after that big PPI miss. Will they now simply adjust their estimates for PCE so even a large number will be "in line with expectations"? Basically it's hard to estimate the PCE wrong, when you already have the CPI and PPI numbers, there's not much room for surprise anymore.
But this doesn't mean that the marketfuckers will then react in ways they should have when the PPI dropped. That's what I mean with "luring buyers in".
These numbers are just part of the PCE and they are derived from the CPI and PPI. The endresult will be the PCE and that can be easily understood, it's a single number.