Macro: Incomes and Consumption Expenditures — a good report — be careful what you wish for
This was a very positive report. The consumer is showing no signs of pulling back or needing to pull back in the near term, buoying GDP and GDP expectations. Interest rates float higher on the news. A quick comment on market dynamics and reactions to releases such as this one. First, everything is relative to expectations. And for a report [...]
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