US Core PCE and ECI as Expected. What Does it Mean for the FOMC Next Week?

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US Core PCE and ECI as Expected. What Does it Mean for the FOMC Next Week?

Before the data release on Friday morning, Fed whisper Nick Timiraos of the Wall Street Journal tweeted that "while the Fed isn't data-point dependent and the decision for next week of 75bps seems unlikely to change, another uncomfortably high ECI reading might argue for a somewhat higher terminal rate and could muddy the debate over […]

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