Daily Note | September 27, 2024 | Core PCE Good, A Look At The FEW Taxable CEF Buy Options

Today was PCE day, the more important inflation number for the Federal Reserve. PCE inflation rose by 0.1% in August, spot on with expectations, and +2.2% y/y, down from +2.5% in July and the lowest since February 2021.

Core PCE came in at +0.13% for the m/m and +2.7% y/y, in line with expectations. In order to reach the Fed's forecast set this month, Co…