Hot, hot, hot. The economy is running hotter on growth as measured by the latest GDP revision, consumer spending and durable goods orders. Unfortunately, inflation is running higher too, writes Scott Anderson at Bank of the West. The Fed’s favored measures, personal consumption expenditures or PCE and core PCE both jumped 0.4% or 4.8% annualized…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
