Here's your summary from White House's Jared Bernstein on PCE Data (https://www.youtube.com/watch?v=I2ezP_AaBEs) on the Bloomberg Television channel:
**TLDR:** The White House's Jared Bernstein discusses PCE data, inflation, and the labor market, highlighting the alignment of supply and demand without sacrificing jobs.
1. The recent PCE data shows signs of disinflation, but more confidence is needed in the forecast.
2. The labor market has been strong, with wages beating prices and high labor force participation rates.
3. The economy is showing positive momentum, with steady growth and inflation coming down, translating into real earnings for consumers.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro nostr:npub1849ntz6s6gxrunv9tunnlurvfx7xk0mwvtzz4m2y7fu8gt7408dqsl0qen nostr:npub1tlvvdgm4csch9x3m0r3qsrll7zsaccl49c4gdz5qz9g3jz33l92ss4gp7z