There’s a Buzz in the Market!

PRMG HOUSING MARKET NEWS AND UPDATES: May 26th, 2023

Get ready as we dive into the world of consumer spending. The Personal Consumption Expenditures (PCE) report is the Fed’s preferred way to measure inflation. The PCE is like a snapshot of our spending habits, representing 70% of the economy. It shows us what we’re buying and gives us an overall number. There’s also a core number that excludes food and energy, which can be unpredictable. The PCE will confirm these trends, providing clarity in uncertain times. There’s a buzz in the market! The hot topic of the moment is the debt ceiling showdown. Brace yourself as we wonder: will our government give spending a boost? We’re talking about a whopping $31 trillion (or whatever the number is!). Are we going to increase military spending and supercharge government programs? Let’s not forget the stack of bills we’ve passed in the past two and a half years! And here’s the twist: with interest rates soaring, the interest payments on our debt are skyrocketing too!

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