Markets Multiple US data, including the closely watched PCE deflators, yesterday didn’t stop the recent correction on the Trump-trade. The headline (0.2% M/M and 2.3% Y/Y from 2.2%,) and core PCE measures (0.3% M/M and 2.8% Y/Y from 2.7%) illustrated the bumpy path for inflation to return to 2.0%. Spending (0.4% M/M) and income (0.6% […]
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