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Jeffrey Cleveland and Arthur Laffer Jr. give their takeaways from the April PCE report. “If we didn’t have this whole tariff threat, I think the Fed would be very happy with the progress we’ve seen this year on core inflation,” Jeffrey says, but expects some short-lived inflation this summer. Arthur says we have to see the 2017 Jobs Act made permanent, or “it’ll take the bloom off the economy.”

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April PCE Report Takeaways – Will the Fed Raise Rates?

Schwab Network

April PCE Report Takeaways – Will the Fed Raise Rates?