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- Recent PCE report didn’t change modal outlook that mon pol is restrictive and will lead to gradual disinflation
- Portfolio management had an outsized influence on headline inflation, with market-based prices more in line with Fed’s target
- Recent inflation data mixed with headline figure stronger but promising signs in the details
- Recent increase in bond yields not a sign inflation expectations are increasing
This is what she’s been saying for awhile.
This article was written by Adam Button at investinglive.com.
