Inflation Fell To The Fed’s Target-Or Is That A Moving Target?
Mission accomplished on inflation. Yahoo Finance reported Friday: “The Fed's preferred inflation measure — a "core" Personal Consumption Expenditures index that excludes volatile food and energy prices — clocked in at 2.9% for the month of December".
Why Americans Do Not See A Strong Economy
The euphoria with the fourth quarter Gross Domestic Product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the Bureau of Economic Statistics.
GBP/USD Weekly Forecast: US-UK Economies Display Resilience
The pound ended the week flat, with the UK and the US economies showing resilience. Business activity in the manufacturing and services sectors for both countries rose. As a result, traders pushed back bets for rate cuts in the UK and the US.