Daily Note | November 30, 2023 | PCE Inflation Moderates Further
Summary
Markets are opening up nicely on the last day of November, with strong gains in the S&P 500 and megacap tech leading the way.
US inflation, as measured by the PCE index, has decreased to +3.0% y/y, the lowest level since March 2021.
The labor market is weakening, with continuing claims hitting a new high for the year, potentially leading to job los…
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