Economic data is flooding the markets on Wednesday morning, presenting a mixed picture for investors. The highly anticipated Consumer Price Index dataBank of America Securities US Economist Stephen Juneau joins the Morning Brief to provide insights into the implications of this economic data .
It also probably reflects a lot of payback from a very strong print last month because you did see non store retailers pull back after a very strong March.You kind of want to look and smooth through the monthly profile there and see that on, on average, you know, the consumer is still in good shape, we're still spending.
And one of the comments that we received was over the summer, we could see that from your estimation.So we are, I mean, broadly speaking, when we look at the fed's preferred measure of inflation, so PC inflation, we're forecasting progress on a sequential basis. So we do think we're in this year where the last mile is just that much harder than what we saw last year.
Economic Data Highly Anticipated Inflation Data Consumer Spending
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