{"id":237659,"date":"2026-01-21T12:54:20","date_gmt":"2026-01-21T17:54:20","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=237659"},"modified":"2026-01-21T15:41:54","modified_gmt":"2026-01-21T20:41:54","slug":"opinions-and-expectations-for-econ-data-expiring-tomorrow","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/","title":{"rendered":"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026"},"content":{"rendered":"\n

Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%<\/a>. The well-telegraphed print, in light of the indices for consumers and producers serving as inputs and being released much earlier in the month, has an incredibly narrow path to arriving at a figure that low.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Hong Kong CPI Expected at 1.2%, But Its Historically Volatile<\/strong><\/h3>\n\n\n\n

Even though none of the seven forecasters surveyed in the monthly Reuters poll envision a number of 1.5% or higher for tomorrow’s Hong Kong Consumer Price Index (they\u2019re between 1.1% and 1.4%), this indicator is historically volatile and the \u201cYes\u201d at 1.4%<\/a> only costs what I consider to be an undervalued $0.05. I think it should cost closer to $0.20 in light of the wild swings that have materially deviated from economist expectations over the years.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Growth Expectations Are Strong<\/strong><\/h3>\n\n\n\n

The 13-week moving average of the Dallas Fed\u2019s Economic Index is running at 2.23% but ForecastTrader participants think there\u2019s a good chance that this year will feature a reacceleration in growth after last week\u2019s strong 2.43% reading. Indeed, for tomorrow\u2019s result, investors are pricing in 43%<\/a> odds of a number north of 2.4%, which would mark the second print in a row above that threshold, which is a pretty tall bar.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Claims Have Been All Over the Place<\/strong><\/h3>\n\n\n\n

Initial unemployment claims<\/a> have been all over the place lately, as is typical surrounding holiday months. Emblematic of the volatility were the last three months serving numbers as high as 237k for the week ended Dec. 6 or as low as 192k for the seven-day period culminating on Nov. 29.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Can Canada New Homes Come in Positive?<\/strong><\/h3>\n\n\n\n

Canada\u2019s New Housing Price Index hasn\u2019t come in positive since February, but our investors see a path back to growth in December. Indeed, the \u201cYes\u201d at -0.1% signals 61%<\/a> odds of a figure landing at 0 or above.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Source for images: ForecastEx<\/em><\/p>\n\n\n\n

Note: Prices are highest bids as of the morning of Jan. 21, 2026.<\/em><\/p>\n\n\n\n

To learn more about ForecastEx, view our Traders\u2019 Academy video <\/em>here<\/em><\/strong><\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%.<\/p>\n","protected":false},"author":903,"featured_media":218119,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18929,18,8,9,3],"tags":[458,21048],"contributors-categories":[13760],"class_list":{"0":"post-237659","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-region","10":"category-securities","11":"category-traders-insight","12":"tag-hong-kong","13":"tag-personal-consumption-expenditures-index","14":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nOpinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026<\/title>\n<meta name=\"description\" content=\"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237659\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-21T17:54:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-21T20:41:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Jose Torres\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t },\n\t \"headline\": \"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026\",\n\t \"datePublished\": \"2026-01-21T17:54:20+00:00\",\n\t \"dateModified\": \"2026-01-21T20:41:54+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/\"\n\t },\n\t \"wordCount\": 357,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/pce-featured-img.jpg\",\n\t \"keywords\": [\n\t \"Hong Kong\",\n\t \"Personal Consumption Expenditures Index\"\n\t ],\n\t \"articleSection\": [\n\t \"IBKR ForecastTrader\",\n\t \"Macro\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/\",\n\t \"name\": \"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026 | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/pce-featured-img.jpg\",\n\t \"datePublished\": \"2026-01-21T17:54:20+00:00\",\n\t \"dateModified\": \"2026-01-21T20:41:54+00:00\",\n\t \"description\": \"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-trader\\\/opinions-and-expectations-for-econ-data-expiring-tomorrow\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/pce-featured-img.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/pce-featured-img.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"Markets Run Ahead of Trump Tariff Weekend: Jan. 31, 2025\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t \"name\": \"Jose Torres\",\n\t \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026","description":"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237659\/","og_locale":"en_US","og_type":"article","og_title":"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026 | IBKR Campus US","og_description":"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/","og_site_name":"IBKR Campus US","article_published_time":"2026-01-21T17:54:20+00:00","article_modified_time":"2026-01-21T20:41:54+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026","datePublished":"2026-01-21T17:54:20+00:00","dateModified":"2026-01-21T20:41:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/"},"wordCount":357,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","keywords":["Hong Kong","Personal Consumption Expenditures Index"],"articleSection":["IBKR ForecastTrader","Macro","Region","Securities","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/","name":"Opinions and Expectations for Econ Data Expiring Tomorrow: Jan. 21, 2026 | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","datePublished":"2026-01-21T17:54:20+00:00","dateModified":"2026-01-21T20:41:54+00:00","description":"Tomorrow\u2019s delayed Personal Consumption Expenditures Price Index for October is expected to come in at 2.7% and the undervalued contract as it relates to the instrument is the \u201cYes\u201d at 2.5%.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/forecast-trader\/opinions-and-expectations-for-econ-data-expiring-tomorrow\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","width":1000,"height":563,"caption":"Markets Run Ahead of Trump Tariff Weekend: Jan. 31, 2025"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/pce-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=237659"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/218119"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=237659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=237659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=237659"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=237659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}