Small & Big Non Farm

The Debt Ceiling talks basically compromised, but still need to be passed by the House on Wednesday. Before the vote, everything can happen. So the House called for a special meeting on Tuesday afternoon to have final discussions. Just wish it goes on the track.

From the economic indicators of last Friday, it was not so good. PCE was announced at 4.4%, higher than 4.2% of previous month and 4.1% of forecast. Core PCE was announced at 4.7%, higher than 4.6% of previous month and 4.5% of forecast. PCE is the figure that is minded by the Federal Reserve most to measure inflation, even more than CPI. When inflation is not under control, it means the Fed may take action to increase the interest rate.