February 22, 2024
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As it plots future interest rate moves, the Fed is confronting what Scott Anderson of BMO Economics calls a “Goldilocks on steroids” economy. He looks beyond GDP to growth in exports at 6.3% and business investment at 1.9% as well as government at 3.3%. Carried out to two digits, the “core PCE deflator increased only 0.17% in…

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