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On the SPOT™ blog (06/30/2023) [N..]

Good news on inflation front this morning. PCE (Personal Consumption Expenditure) index rose less than estimated. This is one of the preferred gauges of inflation for Feds and it continued to show signs of inflation cooling. So, inflation is moving in the right direction and economy remains in reasonably good shape. That seems to be the reason why all three major US indices are in the green this morning (PST) to close out a splendid first half of this year.

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