Not So Constructive Data In Spending Vs Very Constructive Data In Inflation
b'"The U.S. economy has decelerated a bit in contrast to a year ago around holiday spending. Actually, the U.S. economy is fairly resilient. Much of the improvement in inflation outlook is due to the collapse of transportation costs. The increase supply of consumer goods implies a further decline in inflation. I am predicting a 25BPS increase in the next FOMC meeting," says Joe Brusuelas.'