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Powell: Labor demand has softened clearly

  • Sees core PCE at 3.2% for March
  • Sees PCE at 3.5%
  • Near term inflation expectations have risen
  • Jobs growth slowing reflects slower labor force growth
  • Consumer spending is resilient
  • Inflation elevated, in part reflecting energy price increase

More to come

This article was written by Adam Button at investinglive.com.

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