Latest PCE data shows why the Fed should shift its monetary policy stance

Rather than "higher for longer" messaging, continued disinflation amidst falling M2, shows that the Fed should shift its monetary policy stance in order to help avoid tipping the US into a recession.

For the month of October, headline PCE inflation saw relatively flat MoM growth, while core PCE inflation rose 0.2% MoM, down from 0.3% in September.