Last Friday’s stronger-than-expected US economic data signaled robust consumer activity and persistent inflation above the Federal Reserve’s 2% target.
Last Friday’s stronger-than-expected US economic data, including personal income, personal spending, and a Core PCE Price Index increase, signaled robust consumer activity and persistent inflation above the Federal Reserve’s 2% target. This resilience complicates expectations for rapid Fed rate cuts, as markets anticipate a cautious, data-dependent approach.
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