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5 Economists React To PCE Inflation: What Actions Will The Fed Take After May Meeting?

The Personal consumption expenditure (PCE) price index grew 0.1% in April from the previous month and 4.2% annually, according to the Bureau of Economic Analysis. That's down from 5% in February and falling short of economist expectations of a 4.6% increase.

SPY

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BofA Strategist Says Central Banks Are Locked In High Inflation, Predicts Drop In Stock Earnings

A structurally higher inflation is currently being "locked in" by central banks, which will force the stock market to re-adjust to a new inflation-interest rate regime over the coming years, said Michael Hartnett, chief investment strategist at Bank of America Securities. 

BND

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Dollar Recovers, Fed Rate Hike Bets And Treasury Yields Rise As New York Manufacturing Activity Sharply Improves in April

The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time.

TLT