JPM - El Salvador's Pro-Bitcoin President Questions US Monetary Policy Fed's Inflation Index Meets Forecast Americans Fear Debt Crisis And More: Economics Weekly Round-Up | Benzinga
The week was peppered with crucial financial updates and forecasts. Of particular note were the U.S. Federal Reserve’s preferred inflation gauge meeting expectations and the escalating fears of Americans regarding the national debt crisis. Additionally, the market was rife with speculation concerning the possibility of a recession, a potential second term for Trump, and probing questions about the US monetary policy from El Salvador’s President.
Fed’s Inflation Gauge Aligns With Predictions, signifying progression toward the 2% inflation target. The Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, hit the mark in January. This comes amidst traders’ expectations of a Federal rate cut by the end of H1. The impact was immediately felt in the Treasury market, with yields across the board falling, including a dip in the 10-year benchmark yield to 4.28% shortly after the PCE release. Read the full article here.
American Citizens Express Growing Concern Over National Debt. A new study indicates that over 85% of Americans are deeply concerned about the potential impact of the national debt on their future. The survey, conducted by John Zogby Strategies for Main Street Economics, reveals a ...