TechBloomberg Tech57m ago
KPMG Chief Economist Predicts Hot PCE Report
KPMG Chief Economist Predicts Hot PCE Report After CPI
TL;DRInflation stayed hotter than expected across most goods and services last month.
Why it matters: Hot inflation data could delay Fed rate cuts, affecting tech spending and startup funding timelines.
Diane Swonk said inflation data running hotter than expected for a third consecutive month showed broad price increases across goods and services, including hotels, airfares, furniture and entertainment; used-car prices were a notable exception. She expects the PCE measure to…
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