US Economy Shows Strength with Moderating Inflation and Robust Job Growth
TL;DR Summary
Despite a slowdown in the core personal consumption expenditures price index and a rise in household spending, the overall bullish narrative for stocks on Wall Street remains unchanged after the US inflation data was released.
- Bullish Stocks Narrative Seen as Intact After US Inflation Data Bloomberg
- Key Fed inflation gauge rose 2.8% annually in February, as expected CNBC
- US inflation moderating; consumer spending underpinning economy Reuters
- US jobs report: 275,000 jobs added showing economy's strength The Associated Press
- Inflation: Personal consumption expenditure index slows in February Fortune
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