US Inflation Takes a Baby Step Forward
US Inflation Takes a Baby Step Forward
From scotiabank.com
Markets expressed mild relief toward a pair of US inflation and consumer spending prints that change nothing yet for the FOMC. The result had markets gently piling into the US front-end, driving a weaker dollar, and putting a bid to US equities. That�s a sensible market reaction in a positioning sense that has been programmed to be surprised by higher core inflation readings this year which didn�t happen this time, but …