March 2024 PCE Report
Friday, March 1, 2024
PCE printed at 123.04, a +0.36% move from the prior reading of 122.60.
What to Watch For
- •Headline PCE year-over-year
- •Core PCE (Fed target)
- •Core PCE month-over-month annualized
- •Supercore PCE (services ex-housing)
- •Personal income and spending in same release
Expected Market Reaction
Hot core PCE: rates up, dollar up, equities mixed. Cold core PCE: rates down, dollar down, equities rally. Supercore increasingly cited, sub-indices can reverse headline reaction.
Related Assets Around the Release
Related Scenarios
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What happens when real interest rates turn negative? Financial repression, the war on savers, and how assets reprice when holding cash guarantees losing purchasing power.
Get release-day analysis and market reaction framing before consensus forms.