DIA - PCE February 2024 Preview: Markets Could Make A Big Move
2024-03-28 14:50:53 ET
Summary
- The Bureau of Economic Analysis will release its estimates for US Personal Consumption Expenditures, or PCE, for February 2024.
- PCE is a crucial indicator of U.S. economic activity and the BEA release will impact GDP growth, inflation, and monetary policy forecasts.
- This article provides forecasts, background information, and scenario analysis for the PCE data, as well as potential market reactions.
On Friday, March 29, 2024 at 8:30 AM US EST, the Bureau of Economic Analysis ((BEA)) will publish its monthly report on Personal Income & Outlays (PI&O), in which they will release their estimates for U.S. Personal Consumption Expenditures ((PCE)) corresponding to the month of February 2024. Revisions to PCE data for prior months will also be released.
PCE, also referred to as “Personal Spending,” directly accounts for over 60% of total U.S. Gross Domestic Product ((GDP)), marking it one of the most important coincident indicators of U.S. economic activity. Consequently, forecasts for near-term GDP growth, inflation and monetary policy will tend to be impacted substantially after the release of PCE data. It will also greatly impact assessments of the prospects for a “soft landing” of the U.S. economy....
PCE February 2024 Preview: Markets Could Make A Big Move