US EditionUS inflation surprise ties Feds hands amid ‘inevitable’ recession fears
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US inflation surprise ties Feds hands amid ‘inevitable’ recession fears
Fresh inflation data has rattled financial markets and intensified concerns that the US economy is now hurtling toward recession. The latest personal consumption expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, came in hotter than expected, reinforcing the view that the central bank will be forced to extend its interest rate pause for longer than markets had anticipated. Nigel Green, CEO of global financial advisory…
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