- Core PCE 1.1$ from 0.9%
- PCE prices plunged to 0.7% from 2.3%
- Final sales 0.8%, much weaker than 2.5% forecast
Suggests inventory rebuilding spurred growth, not consumption.
All the evidence the Fed needs to pump more money into the system.
Suggests inventory rebuilding spurred growth, not consumption.
All the evidence the Fed needs to pump more money into the system.
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