The Personal Consumption Expenditure is ameasure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior.
In January 2024, PCE ticked up to 0.3% (blue bar) month over month, and is up 2.4% year over year. Specifically, the biggest rise in prices comes from Services (rents, utilities, health care, financial, transportation, food services, and more).
If the US economy continues to show resilience in the face of rising prices, then this can be a boon to stocks in the Services industries.
ANALYSIS: Rising prices and financial services
ANALYSIS: Rising prices and financial services
ANALYSIS: Rising prices and financial services
The Personal Consumption Expenditure is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior.
In January 2024, PCE ticked up to 0.3% (blue bar) month over month, and is up 2.4% year over year. Specifically, the biggest rise in prices comes from Services (rents, utilities, health care, financial, transportation, food services, and more).
If the US economy continues to show resilience in the face of rising prices, then this can be a boon to stocks in the Services industries.
Some financial stocks to consider for possible option trades: SOFI 0.00%↑, AXP 0.00%↑, V 0.00%↑, MA 0.00%↑, AFRM 0.00%↑, COIN 0.00%↑
Note: Please read this site's 24Hour Journal disclaimer regarding finance and investing information.