Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
economy

Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up

So much for the slowdown. Business activity in the US picked up markedly in May, according to preliminary PMIs released by S&P Global on Thursday. The updates don't count as "top-tier" data and they'll be summarily dismissed as ancillary once ISM releases its PMIs for May in two weeks. But as incremental, "fill-the-void" releases go, the S&P Global updates serve a purpose. (Don't ask me what that purpose is. I don't have a great answer.) The services measure printed 54.8 in the flash

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