The Weekly Bottom Line: Sticky Inflation Means Higher Rates
U.S. Highlights A second read on fourth-quarter GDP showed that the U.S. economy grew by 2.7% (q/q annualized) instead of 2.9% as reported previously. A measure of underlying domestic demand was revised down from 0.2% to an even softer 0.1%. Real consumer spending rose a solid 1.1% month-on-month (m/m) in January. Core PCE inflation came […] The post The Weekly Bottom Line: Sticky Inflation Means Higher Rates appeared first on Action Forex.
U.S. Highlights A second read on fourth-quarter GDP showed that the U.S. economy grew by 2.7% (q/q annualized) instead of 2.9% as reported previously. A measure of underlying domestic demand was revised down from 0.2% to an even softer 0.1%. Real consumer spending rose a solid 1.1% month-on-month (m/m) in January. Core PCE inflation came […]
The post The Weekly Bottom Line: Sticky Inflation Means Higher Rates appeared first on Action Forex.
