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Global recession has reached a new phase.

Eurodollar University

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The Core PCE Deflator Is Stuck at 0.31% Month Over Month in May

Core PCE deflator has been stuck at 4.6% for 6 months, half a year with no seemingly no improvement. European Central bankers are looking at their core consumer price numbers and saying, we don't see any improvement. They're tying it to the tight labor market; is that right? We'll take a look at what's going on in labor markets in spending patterns.

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