Morning Note | July 28, 2023 | Saba Continues To Build Large CEF Positions

Jul 28, 2023

∙ Paid

Good day!

Quicker note today.

PCE came out and showed core m/m numbers increasing just 0.2%. Goods prices fell but services prices rose. The employment cost index, another key Fed gauge, rose 1% during the second quarter, slightly less than expected. Overall, PCE shows inflation at +4.1%.

The other major news is the Bank of Japan adjusted their yield …

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