US Personal Income +0.3% In Feb; Consensus +0.2%

US Personal Spending +0.2% In Feb; Consensus +0.3%

Feb PCE Core Price Index +0.3% Rate On Mo; +4.6% On Yr

Feb PCE Price Index +0.3% Rate On Mo; +5% On Yr

Conclusion: Inflation coming down but economy also coming slow down..and this is expected, 

Inflation is direct connection with Economy, Powell want slow economy so that inflation will come down... 

But Remember market not flow economy, it move on future speculation. US Markey eye on CPI data which is going to release on April 12. CPI is expected 5.8%. 

Market also divide 50-50 on interest rate hike. FED and Powell can pause interest hike in May 3 FOMC meeting, and if they do it than market will be very bullish.

Rest its Mr Market, And any report from big agency like JP Morgan or MS can volatile market.

We are Sideways to bullish..

#dyor #nasdaq #fed #inflation #bitcoin