Fitch: The PCE report is the calm before the storm in the eyes of The Federal Reserve (FED)

Odaily News Fitch analyst Olu Sonola pointed out in a report that the Federal Reserve may view the mild personal consumption expenditure inflation report as the “calm before the storm.” He wrote: The Federal Reserve will continue to wait for the storm to arrive—unless consumer spending shrinks significantly and the unemployment rate rises rapidly. Sonola stated: “This report shows that American consumers remain resilient.” (Jin10)