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US Inflation, Spending Data Cooperates. For Now
Core inflation using the Fed's preferred gauge rose less than expected last month from January, key
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Deep breath. And a hearty, “Yay!”
“bad news could just be plain old bad” – exactly!
The economy is slowing. Inflation will be coming down unless we get another inflationary shock. Services inflation is a lagging indicator. The fomc is looking in the rear view mirror