That sums it up… PCE or Personal Consumption Expenditures – Inflation Report was slightly higher but Y/Y fell from 5.5% to 5%. This was expected.

Consumers i.e. you and I are spending less, this is good for inflation and rates. Pending home sales are up 2.5%. even though sales are down compared to last year it is moving in the right direction.

We are slowly crawling out of the hole.

Have a great weekend and happy to take your calls and emails.