The debate among reasonable individuals about whether disinflation in the US is stalling and what implications this may have for Federal Reserve monetary policy has been ongoing. However, recent data released by the Bureau of Economic Analysis on Friday suggests that the underlying strength of the economy may make it difficult for central bankers to reduce benchmark interest rates. Personal spending in February increased by 0.4% after adjusting for inflation, surpassing the median estimate of economists surveyed by Bloomberg, who had predicted a 0.1% increase. Additionally, reports from the day before showed that consumer sentiment had reached its highest level since July 2021, weekly initial jobless claims had decreased, and pending home sales had rebounded in February following a decline in January. Despite these positive signs, many are still concerned about potential weaknesses in the economy and are closely watching any developments related to disinflation.
On Friday, official figures were released showing that the British economy had a strong first…
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