A Quarrel In A Faraway Land By Benjamin Picton, Senior Macro Strategist at Rabobank US Core PCE figures reported on Friday showed that inflation slowed a little more than expected in the year to July. Year-on-year price growth was 2.6% versus a consensus estimate of 2.7%, while the month-on-month figure printed in line with expectations at +0.2%. While inflation appears headed in the right direction, household finances may not be. Personal income rose a better-than-expected 0.3% in July, but was eclipsed by a 0.5% lift in personal spending. We have to go all the way back to January to find… — Continue at ZeroHedge News : Read More
