United States Personal Spending Report Allows Fed to Pause Rate Cuts, Economists Say
Friday, May 30th, 2008Inflation remains contained and personal spending
continued improving according to the latest report from the United States Commerce
Department on Friday. Economists has said the Fed will be pleased to see that
consumers are holding in there despite weakness in the broader economy,
though in real terms the 0.2% gain in personal spending was flat.
Fixed income strategist T.J. Marta from RBC Capital Markets has said the
large picture is that there is “no resolution to the conflicting problems
confronting a dual-mandated Fed…
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