Goldman Sachs and BofA see a 'close call' on June Fed but market now sees 70% hike odds
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Higher interest rates aren't yet hitting the consumer hard or bringing inflation back to target, according to today's April PCE report. Inflation rose 4.4% y/y in an acceleration from 4.2% previously while personal spending surged 0.8% in the month.
Bank of America has reaffirmed its base case expectation that the Federal Reserve will not implement a rate hike in June, though…
This story from forexlive.com was posted on 2023-05-28 by @glowbug.