PCE fell from 7.1% annual growth rate in second quarter to 4.1% in third quarter. The Simplify Interest Rate Hedge ETF (PFIX) hedges interest rate movements arising from rising long-term interest rates. "Markets are pricing in a Federal Reserve pivot. The pivot is likely too early as inflation and the economy are coming in hot. We are tipping towards greed and away from fear again," says Paul Kim.
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