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US equity markets continued their bullish climb on Friday, 27 June, defying renewed stagflation risks. Core PCE inflation for May rose to 2.7% y/y (above April’s 2.6% and consensus), while personal spending contracted -0.1% m/m—the first decline since January, highlighting the impact of tariffs and economic uncertainty on consumer demand. The S&P 500 (+0.5%) and […]

The post Equities Rally Despite Stagflation Fears as Canada Reopens Trade Talks; US Dollar Weakness Further appeared first on Action Forex.

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