PCE Data Is Important Because Of Reflation Risk

Tomorrow’s PCE data is going to matter quite a bit because we are now sitting in a different situation, because we are now at risk of reflation, notes Bob Iaccino. He discusses the GDP for 3Q23, as well as the U.S. International Trade In Goods for October 2023. The U.S. International Trade In Goods actual number came in at -$89.84B versus an estimated -$86.70B. He then previews jobless claims and personal income and spending which will be released Thursday. Tune in to find out more about futures and the stock market today.