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PCE inflation cooler than expected; FOMC meeting probability shifts toward rates holding steady at 75%.

From 10Y and 30Y Yields Are Exploding: Should You Be Worried? · jumps to 1:22:44 · speech

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Like the stock market has tripled in that time. quadrupled even. So I don't know. I don't know how much this stuff really matters. I don't know how much it really matters in the grand scheme of things. So PCE inflation came out cooler than expected. Headline PCE year over year was 3.4 versus a 3.7 expected. Core was also down from an expected 3.3 to 3.0. And we're seeing a transition here. This was over 65% when we looked at this last time. Now 75% that the next FOMC meeting is gonna have rates hold where they are as opposed to get hiked again.
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