๐ Fed Might See Inflation Report as โCalm Before the Stormโ! โ ๏ธ๐บ๐ธ
According to Fitch analyst Olu Sonola, the Federal Reserve may interpret the moderate PCE inflation data as a temporary breather ๐ โ not a signal to pivot yet.
๐ฃ๏ธ "This report shows American consumers are still resilient," Sonola says.
๐ What it means:
Unless we see a sharp drop in consumer spending or a surge in unemployment, the Fed will likely stay in โwait-and-watchโ mode ๐๐ฐ๏ธ
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