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The Fed’s preferred indicator of US inflation, the core index of personal consumption expenditure, accelerated from 2.6% to 2.8% in February. This is above the expected 2.7%, confirming that it is too early to see a sustained downward trend in prices. At the same time, we note the second month of acceleration in income growth, […]

The post US Inflation Accelerates But Lags Income Growth appeared first on Action Forex.

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