Fed May View Inflation Report as Calm Before the Storm, Analyst Suggests

According to Odaily, Fitch analyst Olu Sonola has indicated in a report that the Federal Reserve might interpret the moderate personal consumption expenditure inflation report as a 'calm before the storm.' He noted that the Fed is likely to continue its wait-and-see approach unless there is a significant decline in consumer spending and a rapid increase in unemployment. Sonola remarked, 'This report demonstrates that American consumers remain resilient.'