U.S. inflation cooled significantly creating optimism that a soft landing is possible
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Today the Bureau of Economic Analysis (BEA) released its most current inflationary data vis-à-vis the PCE (Personal Consumption Expenditure Price Index). The report revealed that in June inflationary pressures continues to diminish while consumer spending continues to expand.
The PCE index rose by 0.2% in June compared to an increase of 0.3% in May. Core inflation rose 4.1%…