Today's US macro monthly numbers include:
Another month of declining consumption (0.2% in December after down 0.1% in November); and
Core PCE inflation inline with consensus forecast (0.3% -- 0.1% for headline).
Points to the intriguing possibility that, after the ...
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Another month of declining consumption (0.2% in December after down 0.1% in November); and
Core PCE inflation inline with consensus forecast (0.3% -- 0.1% for headline).
Points to the intriguing possibility that, after the ...
1/2
"jobless recovery" a decade ago, this has been a job-full slowdown.
In addition, this highlights the tricky balance facing the #FederalReserve, not just on account also of a relatively tight labor market for this stage of the cycle but also loose financial conditions overall.
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In addition, this highlights the tricky balance facing the #FederalReserve, not just on account also of a relatively tight labor market for this stage of the cycle but also loose financial conditions overall.
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