From Investing.com: 2024-04-27 07:02:02

Bank of America Securities analysts stated there are no signs of stagflation, despite strong PCE inflation data for March. Headline and core PCE inflation both came in at 0.32% month-on-month. Factors like surging spending and GDP miss on growth were highlighted. Analysts believe the data reflect an acceleration in demand, not stagflation, and think rate cuts are not on the table for the Fed.



Read more at Investing.com: BofA sees no sign of ‘stagflation’ By Investing.com